AMERICA WATER IN BRIEF
- From: Vol 13, Issue 8 (August 2012)
- Category: Brief
- Region: Americas
- Country: United States
- Related Companies: Biddeford and Saco Water Company, Cabot Corporation, CH2M Hill, Connecticut Water, Energy Recovery Inc, Eurofins Scientific, K-Flow, Lancaster Laboratories, MWH, Norit, Pall Corp, RCW Energy Services, SNC Lavalin, SRC Engineering Research Center, Thermo Fisher Scientific and Wedbush Securities
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Pall Corp. has won a contract to develop an advanced shipboard desalination system for the US Navy. The MF/RO system will initially produce 4,000 gallons per day (15m3/d) of potable water.
Revenues from mega-project shipments bolstered the top line at Energy Recovery Inc. last quarter – the company reported net revenues of $12.3 million, up 85% year-on- year. Profitability was also up, at $0.01 per share versus an $0.08 loss in Q2 2011. “The bleeding has stopped,” concluded Wedbush analyst David Rose.
The SRC Engineering Research Center at the University of Arizona has developed a real-time monitoring solution which it claims can deliver a 30% saving in water and energy use in the manufacturing of semiconductors. The method is expected to be especially beneficial to chipmakers as they move forward with the fabrication of next-generation 450mm wafers.
Eurofins Scientific had added to its water labs business by taking over MWH Laboratories, the largest full-service singlesite water testing laboratory in the US. The deal follows Eurofins’ $200 million purchase of Lancaster Laboratories from Thermo Fisher Scientific last year.
Former CH2M Hill International boss Bob Card will take up the chief executive role at SNC-Lavalin with effect from 1st October.
Brean Murray Carret analyst Michael Gaugler raised his target price on Connecticut Water (CTWS) from $31 to $35 on the anticipated accretion driven by the company’s announced $19.8 million acquisition of Biddeford & Saco Water. The deal will extend CTWS’ footprint in Maine following the acquisition of Aqua America’s regulated assets in the state earlier this year, and further diversifies its regulatory risk away from the difficult environment in its home state.
Oil and gas services company RCW Energy Services has acquired water transfer services company K-Flow, strengthening its position in the Eagle Ford, Woodbine and Haynesville shale plays.
Cabot Corp. formally completed its $1.1 billion acquisition of activated carbon specialist Norit at the end of July.
