General Electric to Sell Water Business

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Trevose, PA, United States

US Corporate GE is to sell its giant Water and Process Technologies business which has 7,500 employees globally. The company expects to gain of up to $1 billion USD from the sale.

This development comes hot on the heels of last week’s announcement of the merger of GE’s Oil and Gas business with fellow US company Baker Hughes, Inc., creating a $32 billion USD combined entity.