Veolia Water
Veolia Water is the water division of the French company Veolia Environnement and a major supplier of water services.
History
The Compagnie Générale des Eaux 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, specializing in water networks and the delivery of drinking water. In 1953, construction began on a CGE water treatment facility at Clay Lane, near London; by 2001, it one of the world’s largest ultrafiltration plants, supplying water to 750,000 people in the city.
Veolia Water established the Waterforce emergency response team in 1998, prompted by Hurricane Mitch in Nicaragua and the flooding of the Yangtze River in China.
In 1980, CGE expanded into other businesses such as transport and energy services by acquiring other companies. The original CGE water industry remained as the water division of CGE. In 1998, CGE was renamed Vivendi, and in 1999, the environmental divisions of CGE was consolidated under Vivendi Environnement, with the water division renamed Vivendi Water in 1999. In 2003, Vivendi Environnement was renamed Veolia Environnement. Two years later in 2005, Veolia Environnement united its four global divisions under the Veolia brand. Vivendi Water thus was renamed Veolia Water.
In 2002, Vivendi Water began providing municipal water services in 2002 to major cities such as Indianapolis, Bucharest, Berlin and Shanghai.
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.
Major subsidiaries
Veolia Water’s subsidiaries include:- SADE, which to builds and maintains water mains and water networks for delivering and distributing drinking water, and processing waste water.
- Veolia Water Solutions and Technologies provides services to both local authorities and private industry, aiming to help them to reduce their environmental impact. In 2007 a joint venture between Doshion Limited and Veolia Water Solutions and Technologies was signed, thus gave formation to Doshion Veolia Water Solutions. This turned out to not bring any benefits to Veolia's investors and the company's services.
- Two engineering advisory agencies: Seureca and Setude. These agencies specialize in water management, water treatment and the environment.
- Krüger A/S, Denmark