GE Water & Process Technologies and Zenon Environmental acquires Zenon
Date Closed
May 31, 2006
Lead Office
Toronto
Value
656.00 Million USD
On May 31, 2006, GE Water & Process Technologies, a unit of General Electric Company and ZENON Environmental Inc., purchased Zenon and signed an agreement in connection with the acquisition by way of Plan of Arrangement in an all cash transaction for C$24.00 per share, valuing the transaction at approximately C$760 million, or US$656 million. ZENON is a global leader in advanced membranes for water purification, wastewater treatment and water reuse to municipalities and industries worldwide.
McCarthy Tétrault LLP advised GE Water & Process Technologies. The team was led by G. Cowper-Smith.