Innovation this week is centered on wastewater treatment – from vegetative bacteria-producing technology to non-thermal brine concentrators to wastewater tablets. In addition, Korea is exploring gas-hydrate desalination as a cheaper alternative to existing desalination processes. For more on these stories and more, read below:
M&A/ Partnerships
- CH2M Hill will buy 100% of the issued and to be issued share capital of Halcrow Holdings Limited for the consideration of approximately £124 million (deal expected to close in November 2011). The joining of the two complementary businesses is expected to “create a very significant value proposition for clients.”
http://www.halcrow.com/News/latest-news/Halcrow-to-be-acquired-by-CH2M-HILL/ - Membrane-based water and wastewater treatment solutions provider United Envirotech Ltd exercised a call option to buy all of Tongji Environmental (China) Pte Ltd, the holding company of Aton Environmental (Shenyang) Co, for RMB34.03 million (US$5.34 million).
http://www.businesstimes.com.sg/sub/latest/story/0,4574,458388,00.html? - Global Environmental Solutions Ltd. (GES) has acquired the 28% stake of Tahal Group International BV in the Palmachim desalination plant for NIS62 million, giving it full control of the facility company Via Maris. The sale comes as Via Maris is trying to raise capital to expand the facility.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000688009 - ITT Corporation’s water business spin-off, Xylem (rated Baa2/BBB/BBB), priced its inaugural $1.2 billion bond issue late
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