The Biggest M&A in the Water Sector: Veolia–Suez

When ENGIE lost its thirst for water, how the energy transition sparked Veolia’s strategic move to absorb SUEZ and reshape the global water game.

This is a special edition publication, as I’m really excited to kick off our new channel on The Water MBA TV.

First, because I truly enjoyed doing all the research over the past few weeks.

Second, I learned so much through the process—I only knew the surface, and now it’s like… wow, what a complex industry, what a fascinating world.

The first episode dives into the story behind the biggest M&A in the water industry—when Veolia took over Suez, two long-standing giants and rivals for decades.

We explore how it all began, who the key players were, how the Energy Transition acted as a catalyst, and who the mastermind behind the deal was...

I already have two more amazing stories in the pipeline: ACWA Power and NX Filtration, and I’m actively working on them.

Today, I published an article on LinkedIn about this episode.

To avoid duplication, feel free to check it out there—I hope you enjoy it!

As for the short video, you can find it below or on YouTube Shorts.