SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ FINALIZES THE ACQUISITION OF GE WATER & PROCESS TECHNOLOGIES

Transparency directive : regulatory news

02/10/2017 07:45

Press release

Paris, October 2nd, 2017

       SUEZ FINALIZES THE ACQUISITION OF GE WATER & PROCESS TECHNOLOGIES

SUEZ announces that, together with Caisse de dépôt et placement du Québec
(CDPQ)(1), it has completed the acquisition of former GE Water & Process
Technologies (GE Water)(2) for EUR3.2Bn(3) enterprise value in an all-cash
transaction, effective as of September 30th, 2017.

In connection with completion, SUEZ sets up a Business Unit, "Water
Technologies & Solutions", placed under the leadership of Heiner Markhoff -
former President and CEO of GE Water. Mr. Markhoff joins SUEZ Group's Executive
Committee. This new BU combines both the acquired business and SUEZ own
industrial service activities. It will offer an unparalleled value proposition
to the shareholders, including the expected commercial, operational and
technical synergies(4).

SUEZ Water Technologies & Solutions will operate with over 10,000 employees and
address the needs of over 50,000 customers worldwide. Additionally, relying on
650 R&D and expert staff as well as 17 Research & Excellence Centers of SUEZ,
the business unit is committed to expanding its water treatment offerings and
digital capabilities to deliver best-in-class solutions.

This operation secures SUEZ's global leadership in industrial water services
and strengthens its positioning as an integrated group providing services,
addressing over 450,000 industrial and business customers worldwide. At the
same time, it builds on its international footprint, especially in the United
States.

"I am thrilled to welcome GE Water & Process Technologies' teams and know-how.
This is an exciting moment for SUEZ, as our Group now has an ever-stronger
knowledge and skillset to bring innovation and enhanced value to industrial and
municipal customers around the world. With over 90,000 employees working across
the entire water and waste value chain, we will help address pressing global
challenges such as water scarcity, resources preservation, and climate change"
said Jean-Louis Chaussade, CEO of SUEZ.

SUEZ will provide further details on SUEZ Water Technologies & Solutions'
business and present its strategy in the industrial water markets during a
separate dedicated meeting to take place on December, 13th.

(1) With a 30% stake.
(2) GE Water & Process Technologies is a worldwide leading systems and services
provider for industrial clients, supplying state-of-the art water,
waste-water and process systems solutions to blue-chip customers. It
generated ~$2.1Bn revenues in 2016 with 7,500 highly-skilled salesmen and
engineers with strong digital capabilities.
(3) Or $3.4Bn hedged at EURUSD of 1.06
(4) Full benefit of cost and revenue synergies expected by year 5: (i) EUR65
million impact on EBITDA from identified annual runrate cost synergies (of
which 80% achieved in year 3); and (ii) EUR200 million of revenue synergies.

CONTACTS
Press                        Analysts & Investors
Isabelle Herrier-Naufle      +33 1 58 81 24 05
+33 1 58 81 55 62
isabelle.naufle@suez.com

Ophélie Godard
+33 1 58 81 54 73
ophelie.godard@suez.com

About SUEZ
With 90 000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries optimize their resource management
and strengthen their environmental and economic performances, in line with
regulatory standards. To meet increasing demands to overcome resource quality
and scarcity challenges, SUEZ is fully engaged in the resource revolution. With
the full potential of digital technologies and innovative solutions, the Group
recovers 17 million tons of waste a year, produces 3.9 million tons of
secondary raw materials and 7 TWh of local renewable energy. It also secures
water resources, delivering wastewater treatment services to 58 million people
and reusing 882 million m3 of wastewater. SUEZ generated total revenues of 15.3
billion euros in 2016.

Find out more about the SUEZ Group on the website & on social media

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SUEZ Headquarter - Tour CB21 - 16 place de l'iris, 92040 Paris La Défense
                             Cedex, France -
      Tel : +33 (0)1 58 81 20 00 - www.suez.com SA au capital de
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