Acquisition of GE Water & Process Technologies Finalized
Suez, together with Caisse de dépôt et placement du Québec (CDPQ), completed the acquisition of GE Water & Process Technologies (GE Water) for approximately $3.4 billion.
As a result of the transaction, Suez set up a business unit that combines both the acquired business and Suez’s own industrial water service activities. Suez Water Technologies & Solutions will operate with more than 10,000 employees and address the needs of more than 50,000 customers worldwide. With 17 Research & Excellence Centers, the business unit is committed to expanding its water treatment offerings and digital capabilities.
Suez recently won contracts for industrial wastewater treatment system projects. The company will design and supply wastewater treatment systems for Louisville Gas and Electric Co. (LG&E) and Kentucky Utilities (KU) at their three coal-fired power stations in Kentucky. These systems will treat flue gas desulfurization wastewater produced by the power stations and have an anticipated startup date in 2019. Also, Suez will supply a system for BP’s Tangguh liquefied natural gas (LNG) plant in West Papua, Province of Indonesia. It aims to treat 600,000 liters per day of effluents.