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Flowserve Buys Swiss Manufacturer

Flowserve Corp., Dallas, TX , a provider of flow control products and services for the global infrastructure markets, has 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. Energy-recovery equipment is critical technology within reverse osmosis that captures and reuses waste energy, which significantly lowers net energy consumption.
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 CEO. Market research reports project that worldwide desalination capacity will more than double within the next decade.
Based in Egliswil, the CALDER product line includes Pelton Turbines and Dweer Recovery Devices. CALDER AG generated about $23 million in revenue in 2008.

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