What’s happening to the equipment and filtration sector?
- From: Vol 4, Issue 10 (October 2003)
- Category: Market insight
- Region: Unspecified
- Country: Belgium and France
- Related Companies: ITT Industries, Suez, Veolia and Watts Industries
The recent round of sell-offs by Suez and Veolia have some market analysts wondering if the equipment and filtration sector is a solid play.
Both companies have indicated that they were disappointed with the performance of the equipment and filtration divisions.
Yet that disappointment may stem more from the inflated price Suez and Veolia paid for key divisions. Many of the companies acquired by the two French utility giants were purchased at the peak of the market.
Despite Suez and Veolia losing favor with ...
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