Suez Environnement Acquires Process Group For Strategic Development In The Oil & Gas Market
In order to reach its growth ambition on the industrial water market, Suez Environnement, through its subsidiary Degremont, has completed the acquisition of Process Group, a highly reputable company on the industrial market.
Based in Melbourne (Australia), Singapore and Abu Dhabi (United Arab Emirates), Process Group is specialised in engineering, design, fabrication, commissioning of equipment for the global Oil & Gas industry. Process Group deals with complex and challenging projects requiring technology solutions such as Gas dehydration, Gas sweetening, produced water treatment and sand management. Founded in 1978, the company counts 120 employees of several nationalities and achieved an annual turnover of about 60 million euros.
With this acquisition, Suez Environnement extends its geographical footprint in the Middle East, South East Asia and Australia and reinforces its technical expertise and portfolio towards the Upstream and Downstream Oil & Gas industry. Process Group brings additional capabilities in the Oil & Gas market, as well as commercial and technological complementarities to offer a complete portfolio of solutions and technologies to industrial customers all around the world. Process Group will complete Suez Environnement customer portfolio with global Oil & Gas companies such as Shell, BHP Billiton, Chevron, Premier and Exxon Mobil.
The Oil and Gas market is one of the Group’s key targeted sectors for its development in industrial water. Increasingly stringent environmental regulations will ensure significant growth opportunities in all regions. Thus, the acquisition of Process Group is perfectly in line with the acquisition strategy of Suez Environnement to develop its industrial water activity, one of its four strategic priorities.
“We are delighted that Process Group joined Suez Environnement, which will undoubtedly strengthen our position on the Oil & Gas market. Our goal is to become the preferred partner in services, solutions and technologies for this industry. This additional offer to our portfolio represents excellent potential for strategic development in this growing market.” says Marie-Ange Debon, Deputy Chief Executive Officer in charge of International activities for Suez Environnement.
A subsidiary of the Suez Environnement group, Degremont has been the world water treatment specialist for more than 70 years. Operating in more than 70 countries with over 5,000 employees, Degremont generated revenues of €1,110M in 2013.
About Suez Environnement
Natural resources are not infinite. Each day, Suez Environnement and its subsidiaries deal with the challenge of protecting resources by providing innovative solutions to industry and to millions of people. Suez Environnement supplies drinking water to 92 million people, provides wastewater treatment services for 65 million people and collects the waste produced by 52 million people. Suez Environnement has 79,550 employees and, with its presence on five continents, is a world leader exclusively dedicated to water and waste management services. Suez Environnement generated total revenues of EUR 14.6 billion in 2013.
About Process Group
Process Group, founded in 1978, is a leading supplier of modular process equipment, primarily for the Oil & Gas Industry, with operations in Australia, Asia, and Middle East. Process Group specializes in complex and challenging projects requiring technology solutions such as Gas Dehydration (TEG and Molecular Sieve), Gas Sweetening (Amine and Membrane), Produced Water Treatment (hydrocyclones, IGF / DGF, Nutshell Filters), and sand management. Process Group provides a broad range of engineering and equipment delivery capabilities across the spectrum of production and processing facilities.
SOURCE: Suez Environnement