This article needs to be updated. The reason given is: merger with Veolia.(December 2022) |
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) |
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Company type | Division of Veolia Group |
Industry | Water treatment |
Founded | 1925Philadelphia, Pennsylvania, United States | in
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]
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]
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]
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]
In 2017, Suez closed on the purchase of GE Water and Process Technologies [9]
This article needs to be updated. The reason given is: merger with Veolia.(December 2022) |
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 | 1925Philadelphia, Pennsylvania, United States | in
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]
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]
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]
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]
In 2017, Suez closed on the purchase of GE Water and Process Technologies [9]