Abstract
The French water treatment and waste management company Suez has agreed to buy GE Water & Process Technologies for $3.4 billion. Suez will combine GE Water with its own smaller business to create the world’s third-largest industrial water treatment firm, behind Ecolab and Xylem. GE Water had sales of $2.1 billion in 2016. Two-thirds of its sales are in services such as chemicals for wastewater and boiler water treatment. The balance comes from systems including water treatment equipment and separation membranes. Suez CEO Jean-Louis Chaussade says the acquisition will make Suez the only company that can service the entire industrial water treatment supply chain. It will have businesses in instrumentation, equipment, engineering and construction, chemical water treatment, and digital monitoring and analytics. Suez estimates that the deal will generate $70 million in synergies and $200 million in additional sales from cross selling. GE got most of its water treatment business
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