Flowserve FLS = BWF + DURI flow management Message Board

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Technology Stocks : Flowserve FLS = BWF + DURI flow management

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From: JakeStraw	4/21/2009 3:23:52 PM
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Flowserve Acquires CALDER AG, a Leading Supplier of Critical Proprietary Technology and Equipment for the Growing Global Desalination Market finance.yahoo.com Tuesday April 21, 2009, 9:17 am EDT DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it acquired privately owned CALDER AG, a Swiss Company, to expand the products and advanced technologies it offers to the growing global desalination markets. Terms of the transaction were not disclosed. CALDER AG specializes in the design, engineering and supply of energy-recovery equipment and related proprietary technologies for the reverse osmosis process used in desalination plants around the world. Energy-recovery equipment is critical technology within reverse osmosis that captures and reuses waste energy, which significantly lowers net energy consumption in the desalination process. “Global water desalination needs are growing very rapidly due to the demands of continued population growth and urbanization around the globe,” said Lewis Kling, Flowserve President and Chief Executive Officer. “The acquisition of CALDER AG allows Flowserve to deliver a complete integrated desalination flow control solution to our global customers and provides us with expanded access to the robust growth opportunities within the global desalination market.” Market research reports from analysts covering the water industry project that worldwide desalination capacity will more than double within the next decade, with the reverse osmosis methodology expected to be utilized for a majority of these new plant developments.

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