Suez, Canadian investor to acquire GE’s Water & Process Technologies division

French water company SUEZ, along with Canadian investment company Caisse de dépôt et placement du Québec (CDPQ), recently announced it has entered into a binding agreement to purchase GE Water & Process Technologies (GE Water) from General Electric Co. for a $3.37 billion (USD) enterprise value in an all‐cash transaction.

GE Water is a worldwide leading systems and services provider for industrial clients, supplying state‐ of‐the art water, waste‐water and process systems solutions to blue‐chip customers. GE Water generated ~$2.1Bn revenues in 2016 with 7,500 highly‐skilled salesmen and engineers with strong digital capabilities.

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