Veolia Water Technologies & Solutions Explained

Veolia Water Technologies & Solutions
Former Name: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)
Type:Division of Veolia Group
Industry:Water treatment
Predecessors:-->
Successors:-->
Founded: in Philadelphia, Pennsylvania, United States
Hq Location City:Trevose, Pennsylvania
Hq Location Country:United States
Areas Served:-->
Owners:-->

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.

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 and References

  1. News: Brunel . Clément . 8 March 2022 . Veolia completes the acquisition of Suez . Energynews . 12 December 2022.
  2. Web site: SUEZ Water Technologies & Solutions is now part of Veolia . 12 December 2022 . Veolia Water Technologies & Solutions.
  3. News: Urie . Daniel . 22 March 2022 . Suez now has a new name after merger . PENN Live Patriot-News . 12 December 2022.
  4. News: Grace Sells Dearborn Water Unit to Betz Labs . 17 September 2015. Chicago Tribune. 12 March 1996.
  5. News: Hercules to Buy BetzDearborn In $2.4 Billion Chemical Deal. 17 September 2015. New York Times. 31 July 1998.
  6. Web site: Ambrosini . Dana . GE entering water treatment field . 29 March 2023 . https://web.archive.org/web/20030729212745/http://www.waterindustry.org/New%20Projects/GE-1.htm . 2003-07-29 . en . February 13, 2002.
  7. News: Deutsch. Claudia. As water grows scarce, corporations see profit. 7 October 2015. International Herald Tribune. New York Times Co.. 9 August 2006.
  8. Web site: GE Energy - About Our Business. GE.
  9. Web site: SUEZ finalizes the acquisition of GE Water & Process Technologies - SUEZ Group. 16 May 2024 .