M&A Deal Summary

GE Water & Process Technologies Acquires ZENON Environmental

On March 14, 2006, GE Water & Process Technologies acquired environmental company ZENON Environmental for 760M CAD

Acquisition Highlights
  • This is GE Water & Process Technologies’ 2nd transaction in the Environmental sector.
  • This is GE Water & Process Technologies’ largest (disclosed) transaction.
  • This is GE Water & Process Technologies’ 1st transaction in Canada.
  • This is GE Water & Process Technologies’ 1st transaction in Ontario.

M&A Deal Summary

Date 2006-03-14
Target ZENON Environmental
Sector Environmental
Buyer(s) GE Water & Process Technologies
Deal Type Add-on Acquisition
Deal Value 760M CAD
Advisor(s) GMP Securities
J.P. Morgan Securities (Financial)

Target

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.

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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 2 of 2
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-12 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.

Buy $1.8B