ENGIE is pleased with the acquisition by SUEZ of GE Water & Process Technologies, a GE subsidiary specialized in water treatment for the industrial sector.
As part of the transaction, ENGIE – first SUEZ shareholder with a 32.6% share – will sign up to a capital increase up to its participation in SUEZ, namely around EUR 240 million.
Besides, to deepen their industrial and commercial cooperation, ENGIE and SUEZ will develop synergies between both groups. They will also set up a specific cooperation plan, especially regarding services to industrial clients.
“I look forward to this operation that will enable SUEZ to reinforce its position in the industrial market and that paves the way to new cooperation between our groups, particularly in the United States”, stated Isabelle Kocher, ENGIE Chief Executive Officer.