Business Briefs: water treatment equipment, water company sale, and oil pollution
In this week’s international Business Briefs, General Electric is to move into water treatment, Indianapolis Water is sold, and two marine pollution companies – one of which goes by the appropriate name of OOPS - join forces.
US energy company, General Electric, has announced that its subsidiary, GE Speciality Materials, has completed the acquisition of the water treatment services business, BetzDearborn. The move launches GE into a new business segment and adds US$1 billion in annual sales to GE Speciality Materials. The new business will be known as GE Betz.
There’s more news from the world of sales and acquisitions: Gas company NiSource and the City of Indianapolis have announced the sale of the Indianapolis Water Company and other assets of NiSource’s IWC Resources Corporation and its subsidiaries for US$540 million. This includes the assumption of approximately US$160 million in debt.
And finally, O’Brien Oil Pollution Services (OOPS) and Ulysses Systems have announced that they have signed an agreement to jointly market their maritime consulting services and Ulysses’ Task Assistant applications software for the maritime industry. OOPS is the market leader in marine operations and environmental and safety consulting services.
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