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GE Infrastructure was a subsidiary of General Electric, formed in 2005 as part of a company-wide reorganization under CEO Jeff Immelt, until it was split apart into GE Technology Infrastructure and GE Energy Infrastructure in another reorganization in 2008. [1]
In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia. [ 7 ] On 1 October 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [ 8 ] and formed a new business unit called Suez Water Technologies & Solutions.
Suez Water Technologies & Solutions has many offices around the globe, including the former Zenon Environmental office in Oakville, Ontario, which employees 700 people. In October 2017, GE Water and Process Technologies was acquired by Suez and is now Suez Water Technologies .
It was announced that GE Oil & Gas would sell off its water treatment business, GE Water & Process Technologies, as part of its divestment agreement with Baker Hughes. [109] The deal was cleared by the EU in May 2017, and by the United States Department of Justice in June 2017.
GE Water & Process Technologies acquires Zenon Environmental Systems for $758 million 2006 GE Money buys Superbank's $500 million lending portfolio [18] 2007 GE Consumer & Industrial acquires Microwave Data Systems for US$600 million 2007 GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 ...
GE Technology Infrastructure was a business group of General Electric composed of three GE companies: GE Aviation, GE Healthcare, and GE Transportation. [1] John G. Rice is president and CEO. A company-wide reorganization prompted by staggering financial losses led to the unit's formation in 2008 from companies within GE Infrastructure. [2]
In October 2017, GE Power sold its Water & Process Technology division to French-based utility company Suez for a total of $3.4 billion. [17] In June 2018, the private equity firm Advent International agreed to buy GE's distributed power unit for $3.25 billion. [18]
GE Digital is a subsidiary ... discrete and process industries, as well as water utilities and economy ... Plant Applications to create a "Process Digital Twin ...