Veolia Water Technologies & Solutions

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]

Veolia Water Technologies & Solutions
FormerlyBetz 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 typeDivision of Veolia Group
IndustryWater treatment
Founded1925 (1925) in Philadelphia, Pennsylvania, United States
Headquarters,
United States
Websitemywater.veolia.us

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.

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 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

  1. Brunel, Clément (8 March 2022). "Veolia completes the acquisition of Suez". Energynews. Retrieved 12 December 2022.
  2. "SUEZ Water Technologies & Solutions is now part of Veolia". Veolia Water Technologies & Solutions. Retrieved 12 December 2022.
  3. Urie, Daniel (22 March 2022). "Suez now has a new name after merger". PENN Live Patriot-News. Retrieved 12 December 2022.
  4. "Grace Sells Dearborn Water Unit to Betz Labs". Chicago Tribune. 12 March 1996. Retrieved 17 September 2015.
  5. "Hercules to Buy BetzDearborn In $2.4 Billion Chemical Deal". New York Times. 31 July 1998. Retrieved 17 September 2015.
  6. Ambrosini, Dana (February 13, 2002). "GE entering water treatment field". Archived from the original on 2003-07-29. Retrieved 29 March 2023.
  7. Deutsch, Claudia (9 August 2006). "As water grows scarce, corporations see profit". International Herald Tribune. New York Times Co. Retrieved 7 October 2015.
  8. "GE Energy - About Our Business". GE.
  9. "SUEZ finalizes the acquisition of GE Water & Process Technologies - SUEZ Group".
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