According to GE, the plan to divest the water business is a strategic decision that provides an opportunity to reposition the business for growth and further invest for long-term success.
“The Water & Process Technologies business is recognized as a leader in the industry for our portfolio, products, and services, and especially for our people and their deep domain expertise. This platform that we have built has positioned us for success by driving customer efficiency, promoting global sustainability and innovating for a smart water future,” said Heiner Markhoff, CEO and president of GE Power, Water & Distributed Power. “The business is strong and will continue to be set up for future success.”
GE is aiming to complete the sale of the Water business by mid-2017.
