GE invests in European water market

GE Energy Financial Services is entering the European water market and expanding into industrial water treatment by buying a majority of the assets of Idex AQUASERVICES in France. Financial details of the transaction were not disclosed.

GE Energy Financial Services is acquiring a 95 percent stake, including debt obligations, from Idex AQUASERVICES – a developer, owner and operator of facilities that purify water for the food, beverage and cosmetics industries.

The investment is the first for GE Energy Financial Services’ water team outside the United States and its first in the burgeoning market for industrial water treatment, comprising an estimated one-third of all water assets worldwide.

Idex AQUASERVICES, a Boulogne-based subsidiary of IDEX Groupe, owns and operates contracted, integrated groundwater extraction and treatment plants for the dairy, meat, poultry, soft drinks, food processing, canned food and cosmetics industries.