Veolia Water Technologies & Solutions

Veolia Water Technologies & Solutions

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;99 years ago (1925) in Philadelphia, Pennsylvania, United States
Headquarters	Trevose, Pennsylvania , United States
Website	mywater.veolia.us

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

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".