Wednesday, November 14, 2012

Siemens Selling Water Treatment Business

The big news in the water treatment industry for this past week has been Siemens' announcement to sell the water treatment equipment and water systems service business.  Bloomberg announcement states that the Siemens Water Technologies division includes wastewater, municipal and industrial water purification services and membrane filtration systems.  Most of these technologies were parts of the former US Filter Corporation acquired by Siemens in 2004 from Veolia Environnement for $993 million.  

According to a statement by Siegfried Russwurm, member of the Siemens AG Managing Board and CEO of the Industry Sector, "This business shows only minor synergies with our industrial portfolio, as the skills for water treatment are primarily based on chemical expertise. Instead of investing into that business, we want to gear our resources toward our core portfolio."

In related news, Kemira Oyj, Europe’s largest supplier of chemicals to treat water, will not be bidding for the water business of Siemens AG.

1 comment:

Donna said...

Such a great and informative post. Thanks for sharing this to us and keep posting.