Learning to be discerning
- From: Vol 9, Issue 12 (December 2008)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Siemens, US Filter, Veolia Environnement (formerly Vivendi Environnement) and Veolia Water North America
USFilter bought everything that moved. Owning it was a bitter experience for Veolia, but the French company learned and emerged stronger. VWST North America boss Klaus Andersen explains.
When Veolia sold the bulk of USFilter to Siemens in 2004, it looked like the French company had despaired of the American market. After writing off USD2.6 billion on the business, they might have felt queasy at the sight of red ink.
Six businesses were salvaged from the sale of USFilter: the contract operations business, which was renamed Veolia ...
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