GE Completes ZENON Environmental Acquisition
6/2/2006 Trevose, PA — GE Water & Process Technologies, a unit of General Electric Company, has announced its completion of the ZENON Environmental Inc. acquisition. GE purchased ZENON, a global leader in advanced membranes for water purification, wastewater treatment and water reuse, in an all cash transaction valuing ZENON at approximately US $689 million or Cdn $763 million. Under the terms of the agreement, GE purchased all issued and outstanding Common Shares of ZENON and Non-Voting Class A Shares for Cdn $24.00 per share in cash.
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