SUEZ acquires Poseidon, B&V Group to expand industrial water solutions
In an effort to expand its industrial activity and reinforce solutions for industrial clients around the globe, SUEZ ENVIRONNEMENT, via its subsidiary Degrémont, has acquired Poseidon Inc., and B&V Group.
Feb. 5, 2015 -- In an effort to expand its industrial activity and reinforce solutions for industrial clients around the globe, SUEZ ENVIRONNEMENT, via its subsidiary Degrémont, has acquired Poseidon Inc., a Canadian company specializing in separation systems for industrial water treatment, as well as B&V Group, a British company specializing in water treatment chemicals, equipment and services.
Based in Canada, Poseidon is a full-service equipment supplier that designs and manufactures a range of state-of-the-art, compact separator systems by flotation for industrial water treatment. The company's portfolio of proprietary technologies encompasses wastewater and process water treatment with solutions spanning numerous industrial sectors, most notably in oil & gas, pulp & paper and food & beverage.
- B&V Group
Based in the UK, B&V Group manufactures and commercializes conditioning products and technical services for water-related infrastructure, including cooling circuits, boiler systems and effluent treatment. The company also supplies equipment, tailor-made engineering and services linked to legionella risks and microbial control problems. B&V has positions with facilities management in healthcare, food & beverage, petrochemical, and power industries.
The acquisition of Poseidon and B&V Group complete the procurements carried out in 2013 of IWM2 acquired from BASF in France and of Process Group in 2014, as well as the share purchase of Evatherm.
About SUEZ ENVIRONNEMENT
Natural resources are not infinite. Each day, SUEZ ENVIRONNEMENT (Paris: SEV, Brussels: SEVB) and its subsidiaries deal with the challenge of protecting resources by providing innovative solutions to industry and to millions of people. SUEZ ENVIRONNEMENT supplies drinking water to 92 million people, provides wastewater treatment services for 65 million people and collects the waste produced by 52 million people. SUEZ ENVIRONNEMENT has 79,550 employees and, with its presence on five continents, is a world leader exclusively dedicated to water and waste management services. SUEZ ENVIRONNEMENT generated total revenues of EUR 14.6 billion in 2013. For more information, visit www.suez-environnement.com.