Suez’s Degremont Acquires Industrial Water France Unit From BASF

Degremont, the water-treatment subsidiary of Suez Environnement (SEV), acquired BASF SE (BAS)’s Industrial Water Management France SAS business.

Neither BASF nor Suez, Europe’s second-largest water company, gave terms in their statements. Industrial Water, based in Lyon with a second production site in La Courneuve, mainly operates in France, the Benelux countries and Italy, the companies said yesterday.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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