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SUEZ finalized its all-cash acquisition of GE Water & Process Technologies for nearly $3.8 billion, effective September 30, 2017. The combined business formed a new unit, Water Technologies & Solutions, with over 10,000 employees.
French utility Suez and Caisse de dépôt et placement du Québec entered a binding agreement to purchase GE Water & Process Technologies from General Electric for an enterprise value of €3.2 billion.