MONTREAL, PQ, Canada, Dec. 9, 2009 -- The acquisition of Christ Water Technology AG fits ideally with GLV's long-term vision of securing a global platform and leadership as a provider of comprehensive, high-performance and eco-friendly industrial and municipal water treatment solutions. This acquisition will improve GLV's profile through the achievement of the following key objectives:
• It will complete GLV's technological portfolio in several of its targeted niches. For instance, in addition to its water intake screening technologies, GLV will be able to offer thermal power stations and seawater desalination plants comprehensive solutions, including process water microfiltration, ultrafiltration, demineralization and recycling technologies.
• The technological fit between GLV and CWT will enhance GLV's position in its primary end markets including the energy sector, the municipal market and the petrochemicals industry. Furthermore, it will provide the Company with access to additional industrial markets, such as the microelectronics and solar energy industries.
• This acquisition will further enhance GLV's presence in emerging markets, notably in Asia and Europe where CWT records a significant proportion of its revenues, while also contributing to expand GLV's range of products and services and to increase its revenues and market share in its existing markets in North America, Western Europe, the Pacific region and the Middle East.
Founded in 1939, CWT specializes in the design and fabrication of systems based on cutting-edge technologies used for water purification and ultra purification, wastewater treatment, recycling of process water, production of drinking water and desalination of seawater. CWT currently employs approximately 900 people worldwide. The company's primary end markets are the microelectronics industry, desalination plants, power generation, the petrochemicals industry, the food and beverage processing industry and the municipal segment.
About GLV Inc.
GLV is a leading global provider of technological solutions used in water treatment, recycling and purification, as well as in pulp and paper production. The Water Treatment Group (also known worldwide as "Eimco Water Technologies") specializes in the design and international marketing of solutions and high performance, economical and eco-friendly processes for the treatment and recycling of municipal and industrial wastewater and water used in various industrial processes. It also offers water intake screening solutions for power stations, refineries and desalination plants.
With its extensive technological portfolio, the group is positioned to provide comprehensive solutions for the filtration, clarification, treatment and purification of water that will either be returned into the environment, or be re-used in various industrial processes or for domestic purposes. GLV is present in some 30 countries and has approximately 1,500 employees. Website: www.glv.com
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