Movers & Shakers: Exova, Matrix service agreement; Baker-GE merger; Schneider Electric partners with GSK

July 7, 2017

Baker-GE merger to create second-largest oilfield services company and OriginClear pioneers a new wastewater treatment process.

Exova enters service agreement with Matrix Solutions

Exova was awarded a two-year service agreement with Canadian environment and engineering consultancy business Matrix Solutions to provide soil and water testing for operations in the oil and gas sector. Exova has worked with Matrix Solutions for more than 17 years and won the contract as part of a new tender process for the provision of environmental chemistry testing in 2015. Exova successfully retendered for the contract this year. Services for Matrix Solutions will include hydrocarbon testing, metals and salinity analysis and groundwater monitoring.

Schneider Electric partners with GSK

Schneider Electric entered a partnership with GSK to manage an online community that gives the healthcare leaders’ suppliers information and tools to improve environmental performance through energy, water and waste management. Schneider Electric will serve as the community manager for the GSK Supplier Exchange, a members-only online community that helps suppliers create positive and tangible environmental change.

H2O Innovation announces changes to board of directors

Lawrence E. Gamst resigned from the board of H2O Innovation Inc. and was replaced with Stephen A. Davis. Gamst served as a director and member of the Audit Committee at H2O for the past seven years. Davis was appointed to the board in June. He was president and chief operating officer of American Saw & Manufacturing Company for 22 years. Since 2003, he served at Ventry Industries LLC, a Massachusetts-based investment firm. He currently holds the position of managing partner. Davis also sits on the board of directors of Western Massachusetts Economic Development, serves as a director of the Irene E. & George A. Davis Foundation as well as a director of the EcoTechnology Center, and is a trustee emeritus of the Community Foundation of Western Massachusetts.

Baker-GE merger to create second-largest oilfield services company

Shareholders of Baker Hughes approved a merger with GE Oil & Gas, a move that will turn the struggling Baker Hughes into the second-largest oilfield services company in the world behind Schlumberger. The Baker-GE merger has already secured approval from the European Union. The U.S. Justice Department cleared the move under the condition that GE sell its Water & Process Technologies business. In March, GE signed a definitive agreement to sell the business to SUEZ, a global services and solutions company with operations primarily in water and waste management. Analysts see the Baker-GE merger as a win-win for both companies, though they remain split on the potential effectiveness. GE Oil & Gas chief executive Lorenzo Simonelli will serve as CEO of the new company while Baker chief Martin Craighead will take on the role of vice chairman.

Sources: GE Water & Process Technologies and Chron

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