| Formerly | Betz Laboratories, Inc. (1957–1996) Betz International (1972–1996) BetzDearborn (1996–2002) GE Betz (2002–2006) GE Water & Process Technologies (2002–2008) GE Energy Infrastructure (2008–2012) GE Power & Water (2012–2017) SUEZ - Water Technologies & Solutions (2017–2022) |
|---|---|
| Company type | Division of Veolia Group |
| Industry | Water treatment |
| Founded | 1925 in Philadelphia, Pennsylvania, United States |
| Headquarters | , United States |
| Website | mywater |
Veolia Water Technologies & Solutions (formerly SUEZ Water Technologies & Solutions) is a water technology company. It is part of Veolia Group and has operations in 130 countries in a variety of industries, including food and beverage, metals and mining, power, pharmaceutical, oil and gas, chemicals, petrochemicals, pulp and paper, and utilities.[1][2][3]
History
William H. Betz and L. Drew Betz founded Betz as a water purification business in Philadelphia, Pennsylvania, in 1925. It later became Betz Laboratories and then Betz International.[citation needed]
BetzDearborn & Hercules, Inc.
In 1996, Betz acquired the Grace Dearborn water-treatment and process chemicals business from W. R. Grace and Company At that time Dearborn had 2,500 employees and sales of $400 million per year, while Betz claimed 4,100 employees and $800 million in revenue.[4] In 1998, the combined BetzDearborn Inc. was acquired by Hercules Inc. for $2.4 billion in cash and $700 million in assumed debt.[5]
GE Betz
In 2002, General Electric acquired BetzDearborn from Hercules Inc. and became known as GE Betz and was part of GE Infrastructure. At that time, the company had approximately $1 billion in revenue and a sales force of 2,000.[6] In the years that followed its purchase of BetzDearborn, GE also acquired Osmonics, Inc., Ionics, and membrane producer Zenon Environmental Systems, and by 2006 had combined them into GE Water & Process Technologies[7] In 2008, GE restructured its subsidiaries[citation needed] and GE Water & Process Technologies became part of GE Energy Infrastructure. In 2012, GE Energy was reorganized and the original Betz operations and the rest of GE Water & Process Technologies are now part of GE Power & Water[8]
Suez
In 2017, Suez closed on the purchase of GE Water and Process Technologies[9]
Notes
- ^ Brunel, Clément (8 March 2022). "Veolia completes the acquisition of Suez". Energynews. Retrieved 12 December 2022.
- ^ "SUEZ Water Technologies & Solutions is now part of Veolia". Veolia Water Technologies & Solutions. Retrieved 12 December 2022.
- ^ Urie, Daniel (22 March 2022). "Suez now has a new name after merger". PENN Live Patriot-News. Retrieved 12 December 2022.
- ^ "Grace Sells Dearborn Water Unit to Betz Labs". Chicago Tribune. 12 March 1996. Retrieved 17 September 2015.
- ^ "Hercules to Buy BetzDearborn In $2.4 Billion Chemical Deal". New York Times. 31 July 1998. Retrieved 17 September 2015.
- ^ Ambrosini, Dana (February 13, 2002). "GE entering water treatment field". Archived from the original on 2003-07-29. Retrieved 29 March 2023.
- ^ Deutsch, Claudia (9 August 2006). "As water grows scarce, corporations see profit". International Herald Tribune. New York Times Co. Retrieved 7 October 2015.
- ^ "GE Energy - About Our Business". GE.
- ^ "SUEZ finalizes the acquisition of GE Water & Process Technologies - SUEZ Group". 16 May 2024.
This page was last edited on 20 May 2024, at 08:12