Siemens buying US Filter for $993 million

Munich, Germany—To expand in the rapidly growing water treatment and supply market, Siemens AG’s Industrial Solutions and Services (I&S) Group is buying US Filter Corp. for $993 million from its parent company, Paris-based Veolia Environnment.


Munich, Germany— To expand in the rapidly growing water treatment and supply market, Siemens AG ’s Industrial Solutions and Services (I&S) Group is buying US Filter Corp. for $993 million from its parent company, Paris-based Veolia Environnment. Based in Palm Desert, CA, and Houston, TX, US Filter employs 5,800 people at 120 locations worldwide and has annual sales of approximately $1.2 billion. The deal is subject only to regulatory approvals and is expected to close before the end of September 2004.

US Filter is reported to be the leading provider of municipal and industrial water treatment products and services in North America. Siemens states that the world market for water treatment and supply, as well as industrial wastewater treatment, has a total annual volume of€290 billion, primarily in the U.S. and Europe. Coupled with an annual growth rate of more than 6%, this industry’s size makes it a particularly appealing business segment, adds Siemens.

Water treatment and supply’s main activities are concentrated in Siemens’ Automation and Drives (A&D) and I&S Groups. However, I&S manages most of Siemens’ water-related busi-nesses, and will lead US Filter’s activities. Headquarters of this new I&S-based company will remain in Palm Desert.

“This acquisition is an important step in the framework of strengthening our group portfolio. The growing water business will play a critical role in our industrial activities at Siemens,” says Joergen Ole Haslestad, I&S Group’s president. “With it, we will be able to expand our product and service offerings for our customers, in particular, in the world’s largest water market, the U.S.”

Henri Proglio, Veolia’s chairman, adds that, “The sale of US Filter’s systems and services businesses generated significant interest from both strategic and financial investors. We found Siemens’ offer very convincing from all points of view: industrial, financial, and strategic. This transaction will preserve the future and growth of these businesses and their teams, while providing attractive prospects for industrial and commercial cooperation with an important European group.”

Siemens adds that I&S Group provides innovative solutions and services designed to improve com-petitiveness in processing and manufacturing industries and in infrastructure. Offerings cover the lifecycle of industrial and infrastructure facilities, from consulting and planning through installation, operation, integration of MES-solutions, maintenance, and modernization. In its 2003 fiscal year, which ended Sept. 30, I&S employed a total of 25.000 people worldwide and achieved total sales of€4.012 billion.

Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me