The European Commission on Monday gave the green light to the Suez Group's alliance with Schneider Electric to create a company that will offer water management software for water and wastewater treatment facilities in France, reports Europapress. According to the institution, the operation will not have a negative effect on the European economic area.
The Commission believes that the joint venture does not raise competition concerns because the impact of the resulting company's activity will be minimal on the European market as a whole.
At the end of March of 2021, Suez and Schneider Electric announced the creation of a new leader in digital water to develop and market a joint offering of innovative digital solutions for the management of the water cycle.
The Suez group offers solutions for water management, recycling and wastewater recovery to both the public and private sectors worldwide, while Schneider is active in the digitization of water, energy and infrastructure management.
