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)
TypeDivision of Veolia Group
IndustryWater treatment
Founded1925 (1925) in Philadelphia, Pennsylvania, United States
Headquarters
Trevose, Pennsylvania
,
United States
Websitemywater.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.

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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