- Acquisition Will Reinforce GE's Position as a Leader in the Municipal and Industrial Wastewater Treatment Market
- Strengthens GE Commitment to Energy Reduction and Aspiration to Build Energy-Neutral Wastewater Treatment Plants
TREVOSE, PA., July 1, 2014 (GLOBE NEWSWIRE) -- GE (NYSE: GE) today announced that it has agreed to acquire Monsal, a private U.K.-based water, waste, advanced anaerobic digestion and integrated biogas-to-energy business.
With Monsal's advanced anaerobic digestion technology and industry knowledge, GE will be able to help municipalities and industrial manufacturers shift from disposing wastewater treatment byproducts to generating renewable energy and other value from their streams. The acquisition of Monsal will enhance GE's wastewater treatment product offerings and further GE's commitment to energy reduction in wastewater treatment. GE will use its global reach, as well as commercial and execution capability, to take Monsal's technology, integrate it with its own and proliferate it across the world.
"For many years, GE has been working to further the development of water reuse, wastewater and tough-to-treat water technologies. The acquisition of Monsal, with its advanced anaerobic digestion technology, will enable us to provide our customers with more energy-efficient options for water treatment solutions. Now our wastewater treatment solutions can be combined with new, advanced anaerobic digestion technologies to convert biosolids to renewable sources of energy for our customers," said Heiner Markhoff, president and CEO—water and process technologies for GE Power & Water.
"GE's global expertise and reach in the municipal and industrial water treatment industry is world class and is very complementary to Monsal's advanced digestion capabilities and our overall strategy for international expansion. Joining the GE family will allow Monsal to bring our technologies to a significantly broader audience as well as give us R &D capabilities at a much larger scale than we have now. We expect to expand our product and technology range with the GE resource, so that we become the 'go-to' company globally for anaerobic digestion," said Aidan Cumiskey, managing director, Monsal.
Monsal, based in Mansfield, U.K., provides advanced technology to treat biosolids and biowaste and convert it into renewable energy and saleable byproducts. Anaerobic digestion is a biological process in which microorganisms break down biodegradable material in the absence of oxygen. One of the end products is biogas, which can be combusted to generate electricity and heat—a feature that GE Power & Water's Distributed Power business can achieve with Jenbacher gas engines.
Monsal is one of the U.K.'s leading advanced anaerobic digestion and integrated biogas-to-energy businesses with over 200 installed anaerobic digestion systems. Monsal has particular expertise in optimizing anaerobic digestion assets to create strategic renewable energy centers for the water and waste markets.
GE Power & Water's water and process technologies business is a leading global supplier of water treatment, wastewater treatment, water reuse and process systems solutions along with water treatment chemicals and process chemicals. The company provides proven technologies and solutions for water treatment and reuse and continues to invest heavily to enhance current products and to develop new, even more advanced technologies. GE supplies products and services that are used to optimize total water/process system performance, safeguard customer assets from corrosion, fouling and scaling and protect the environment through water and energy conservation. GE also offers a diverse selection of technologies for the global water treatment industry ranging from desalination to cooling water solutions, mobile water to petrochemical solutions and water recovery to boiler water solutions.
About Monsal
Today, Monsal is the advanced digestion (AD) technology supplier of choice for major AD infrastructure projects in the U.K. water and waste markets. Monsal offers a complete technology package to leading utilities, waste management companies and energy developers. Monsal is a privately owned and private equity backed business. For more information, visit the company's website at www.monsal.com.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE Power & Water
GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world's most complex challenges related to water availability and quality. Power & Water's six business units include Distributed Power, Nuclear Energy, Power Generation Products, Power Generation Services, Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE's largest industrial business.
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