M&A Deal Summary

GE Water & Process Technologies Acquires BetzDearborn

On February 12, 2002, GE Water & Process Technologies acquired environmental company BetzDearborn from Hercules for 1.8B USD

Acquisition Highlights
  • This is GE Water & Process Technologies’ 1st transaction in the Environmental sector.
  • This is GE Water & Process Technologies’ largest (disclosed) transaction.
  • This is GE Water & Process Technologies’ 1st transaction in the United States.
  • This is GE Water & Process Technologies’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2002-02-12
Target BetzDearborn
Sector Environmental
Buyer(s) GE Water & Process Technologies
Sellers(s) Hercules
Deal Type Divestiture
Deal Value 1.8B USD

Target

BetzDearborn

Trevose, Pennsylvania, United States
BetzDearborn is a global service company providing engineered chemical treatment of water and process systems in industrial applications. BetzDearborn is the second largest industrial water treatment service business in the world.

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Buyer(S) 1

Buyer

GE Water & Process Technologies

Trevose, Pennsylvania, United States
Category Company
Sector Environmental
Employees7,500
DESCRIPTION

GE Water & Process Technologies engages in the provision of equipment, chemicals and services for the treatment of water and wastewater. In order to address its industrial clients’ increasingly complex needs, GE Water invests heavily in research and development of unique solutions. Its innovative technology has made it one of the most sophisticated players in its industry. GE Water & Process Technologies is based in Trevose, Pennsylvania.

DEAL STATS #
Overall 1 of 2
Sector (Environmental) 1 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-14 ZENON Environmental

Oakville, Ontario, Canada

ZENON Environmental, Inc., provides advanced membrane products and services for water purification, wastewater treatment and water reuse to municipalities and industries worldwide.

Buy CA$760M

Seller(S) 1

SELLER

Hercules

Wilmington,, Delaware, United States
Category Company
Founded 1882
Sector Chemicals
Employees4,660
DESCRIPTION

Hercules, Inc. is a manufacturer and marketer of chemicals used for making a variety of products for the home, office and industrial markets.

DEAL STATS #
Overall 1 of 3
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 3
State (Pennsylvania) 1 of 2
Country (United States) 1 of 3
Year (2002) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-03 Betz-Dearborn

Trevose, Pennsylvania, United States

Betz-Dearborn Inc. is a producer of chemicals used principally in water-treatment and industrial processes.

Buy $3.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-13 Betz-Dearborn

Trevose, Pennsylvania, United States

Betz-Dearborn Inc. is a producer of chemicals used principally in water-treatment and industrial processes.

Sell $1.8B
Mergr

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