Pension fund CDPQ and SUEZ, a French, publicly-listed industrial services and solutions company, completed the acquisition of GE Water, a systems and services provider for industrial clients, supplying state-of-the art water, waste-water and process systems solutions, from General Electric, an American multinational conglomerate, for $3.4bn. "The sale of GE Water & Process Technologies is the next step in GE Power’s business strategy and portfolio transformation. By creating a more simplified and focused business we’ll be better positioned to leverage Power’s strengths across the entire electricity value network to serve our customers and position the business for growth moving forward," Russell Stokes, GE Power President and CEO.