Suez Buys Ge Water -

: Industry accounts for roughly 15-20% of global water consumption , significantly higher than the 5-8% used by human urban consumption.

: The acquisition added over 7,500 employees and 50,000 customers across 130 countries to Suez's portfolio. suez buys ge water

The move was driven by a fundamental shift in water demand. While municipal water markets in Europe were stagnating, the industrial sector—comprising food and beverage, oil and gas, and pharmaceuticals—was rapidly growing. : Industry accounts for roughly 15-20% of global

In 2017, the French environmental giant completed its acquisition of GE Water & Process Technologies for approximately $3.4 billion (€3.2 billion). This landmark deal was a strategic pivot that transformed Suez from a primarily municipal service provider into a global powerhouse in the industrial water market. The Strategy: From Cities to Industry While municipal water markets in Europe were stagnating,

: The acquired unit was merged with Suez’s existing industrial activities to form a new business unit: SUEZ Water Technologies & Solutions .

: Before the deal, Suez lacked proprietary membrane technology . Acquiring GE Water gave them access to Zenon membranes , which can provide three times the water throughput of conventional systems. Key Deal Facts