Veolia Water
 |
|
| Subsidiary | |
| Industry | Water supply, water treatment and sewage treatment |
| Founded | 1853 |
| Headquarters | Paris, France |
|
Key people
|
Jean-Michel Herrewyn (Chief Executive Officer) |
| Revenue |
 €12.5 billion |
| Owner | Veolia Environnement |
|
Number of employees
|
95,789 |
| Subsidiaries | Proxiserve SEDE Environnement Sétude Seureca SIDEF Veolia Water Solutions & Technologies |
| Website | www |
Veolia Water (formerly Vivendi Water, originally Compagnie Générale des Eaux), is the water division of the French company Veolia Environnement and the world's largest supplier of water services.
In 2009, the group posted revenues of €12.56 billion. Of this, 72.9% of turnover comes from Europe; 7.4% from the Americas, 8.5% from Africa, Middle East and India, and 11.2% from the Asia-Pacific region.
The Compagnie Générale des Eaux (CGE) was created in 1853. In 1889, its first research laboratory was established at 52, rue d’Anjou in Paris, France. Veolia Water’s headquarters are still located at this site.
1918 saw the creation of the SADE (Société Auxiliaire des Distributions d'Eau), specialising in water networks and the delivery of drinking water. In 1953, construction began on a Veolia water treatment facility at Clay Lane, near London; by 2001, it was the world’s largest ultrafiltration plant, supplying water to 750,000 people in the city.
Veolia Water’s humanitarian crisis response team, Waterforce, was created in 1998, prompted by Hurricane Mitch in Nicaragua and the flooding of the Yangtze River in China.
In 2002, Veolia Water expanded its municipal water services in 2002 to major cities such as Indianapolis (USA), Bucharest (Romania), Berlin (Germany) and Shanghai (China). Three years later, Veolia Environnement united its four global divisions (Environmental Services, Energy, Transport and Water) under the Veolia brand. The CGE became Veolia Water.
The UK water supply businesses branded as Veolia Water were sold by Veolia Environnement for £1.2 billion on 28 June 2012 to Rift Acquisitions, an entity established by Morgan Stanley and M&G Investments. Veolia Environnement is using the proceeds of the disposal to reduce its debt, as part of a 5bn-euro debt-reduction programme announced in December 2011 and will retain a 10% stake in the new business Affinity Water for at least five years. Affinity Water began operations on 1 October 2012.
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Wikipedia