Suez Environnement (Suez) and Caisse de dépôt et placement du Québec (CDPQ) have agreed to acquire GE Water & Process Technologies (GE Water) from General Electric for €3.2 billion.
The deal will see ownership split 70/30 between Suez and CDPQ, with CDPQ investing $700 million.
Following the deal GE Water will be merged with Suez's industrial solutions business.