GDF Suez S.A. is a French multinational company with worldwide headquarters in Paris that operates in electric generation and distribution, natural gas, and renewable energy. GDF Suez is the product of the 2006 merger of Suez and Gaz de France.
Suez was founded in 1922 by King William of the Netherlands and is one of the oldest continually existing multinational corporations in the world. At the time of the merger, Suez had annual revenue of $41.5 billion.
Gaz de France was founded in 1946 by the French government. The government held an 80% stake in the company until the merger. Gaz de France had revenue of $22.4 billion in 2005.
In 2006 the merger of water supply and treatment, waste management, and energy company Suez with power company Gaz de France was announced, though it took until late in 2007 for the companies to agree on terms.
GDF Suez became the world’s second-largest utility company based on revenues. In 2009 GDF Suez placed sixth on the list of Businessweek ranking of the World’s Best Companies, the highest placed European firm. Today GDF Suez has 236,000 worldwide employees and had $90.7 billion in revenue in 2011.