Siemens AG, a Germany-headquartered global electronics and engineering company with worldwide sales of more than $80 billion, has completed its acquisition of the US Filter Corp. from the French parent, Veolia Environmental. The $993 million deal positions Siemens as a market leader in the North American water and wastewater treatment business.
US Filter is engaged in manufacturing, distribution and engineering services. It has 5,800 employees and annual revenues of $1.2 billion. It will now become a part of the Siemens Industrial Solutions and Services Group (I&S) in the form of a newly created “Water Technologies” division. Headquarters of the company will be in Warrendale, PA.