Veolia to Buy Rest of Water Tech Unit in $1.75 Billion Deal
French environmental services company Veolia Environnement SA agreed to buy the rest of Water Technologies & Solutions for $1.75 billion as part of a drive to expand in the US. The acquisition of the 30% stake, currently owned by Caisse de Depot et Placement du Quebec, will allow Veolia to fully merge the business with its own water technology division, the utility said in a statement Wednesday. Combining the two will yield 90 million ($102 million) in cost synergies by 2027, it said. Veolia CEO Estelle Brachlianoff speaks to Francine Lacqua on Bloomberg Television.
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Business Wire
28 minutes ago
- Business Wire
TotalEnergies to Collaborate with Mistral AI to Increase the Application of Artificial Intelligence in its Multi-Energy Strategy
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TotalEnergies and AI, a major pillar of its technological ambition The deal reflects TotalEnergies' decision to leverage digital technology and artificial intelligence to improve performance at its industrial facilities and support its transition. In the past, TotalEnergies has mainly used artificial intelligence in earth science and to improve predictive maintenance or detect any issues with the machinery in its facilities. AI now plays a vital role for the Company, helping develop new opportunities, especially in the production of renewables, reduction of CO 2 emissions and the development of innovative services that allow its customers to control and optimize their energy use. TotalEnergies' Digital Factory, which is celebrating its fifth anniversary this year, has 300 developers, data scientists and other digital experts, and has already developed over a hundred solutions, sixty of which harness technologies ranging from machine learning to generative AI. 'We are delighted to work with Mistral AI, a leading French player in artificial intelligence. This deal reflects our intention to contribute to the emergence of a technological ecosystem in Europe, and will allow us to explore new opportunities to further embed AI into our activities. AI has huge potential to transform energy systems, and this partnership was motivated by our pioneering spirit and ongoing search for innovation,' said Patrick Pouyanné, Chairman and CEO of TotalEnergies. 'This partnership illustrates the positive impact generative AI can have on a sector as strategic as that of TotalEnergies. By dedicating our AI solutions and experts to the R&D effort, the operational teams and, ultimately, the Company's customers, we are contributing to improved operations and the digital transition of this global energy giant,' said Arthur Mensch, Chief Executive Officer at Mistral AI. About Mistral AI Mistral AI is a pioneer company in generative artificial intelligence, empowering the world with the tools to build and benefit from the most transformative technology of our time. The company democratizes AI through high-performance, optimized, and cutting-edge open-source models, products and solutions. Headquartered in France and independent, Mistral AI defends a decentralized and transparent approach to technology, with a strong global presence in the United States, United Kingdom, and Singapore. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Relations Investisseurs : +33 (0)1 47 44 46 46 l ir@
Time Magazine
38 minutes ago
- Time Magazine
TIME and 360BusinessMedia Announce TIME France
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Business Wire
2 hours ago
- Business Wire
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