Report 4800: Climate Change Adaptation

Adaptation will grow to a $1bil. industry in the U.S. by 2015, followed by exponential growth once design & construction of adaptation measures begin - $995

Report 3000: Global Environmental Market

Regional analysis & projections covering countries in N. America, Latin America, Europe, Russia, Asia, Middle East, Japan, Australia/NZ, and Africa - $1,995

Danaher to buy Pall for $13.8 billion

In a blockbuster environmental industry deal outside the engineering and construction sector, Danaher Corp. (Washington, DC) and Pall Corp. (Port Washington, NY) have reached an agreement whereby Danaher will acquire Pall for $127.20 per share in cash. The full consideration is estimated at $13.8 billion, including debt and net of acquired cash. The purchase price represents a premium of approximately 28% over the closing price of $99.31 per share for Pall’s stock on May 11, the last trading day prior to initial media reports about the possibility of a transaction between the two companies. Following the completion of the deal, Pall will operate as a subsidiary of Danaher and will maintain its brand name in filtration, separation, and purification technology. Pall, which generated $2.8 billion revenue during the fiscal year ending on July 31, 2014, “is a highly attractive business, with approximately 75% recurring revenues, mid-single-digit organic growth, and a solid margin profile,” said Thomas Joyce, Danaher’s president and CEO. “Its best-in-class technology, combined with the broadest, most technically advanced solutions, make it the premier brand in the filtration industry. Pall will provide us a leading business with significant runway for expansion and strengthens our life sciences position in the strategically attractive, high-growth biopharmaceutical market.” Danaher announced separately its intention to split into two companies, with one $16.5 billion unit retaining the Danaher name, including the Pall operations, and focusing on the life sciences and diagnostics, dental, water quality, and product identification businesses. The other unit, a $6 billion business, will operate as a diversified industrial company. “Danaher has always been at its best when all platforms have the ability to invest in the highest-impact organic growth opportunities, pursue meaningful acquisitions, and use the Danaher Business System to continuously improve performance,” said Joyce. Each of the two new companies “will be more focused, with access to the capital necessary to pursue organic and inorganic growth opportunities. DBS will remain the foundation of both companies, allowing each to further strengthen their market leading positions while continuously improving growth, margins, and cash flow,” he added.

Last Updated on Thursday, 21 May 2015
 

Survey: environmental consulting market grew 3.7% in 2014

The global market for environmental consulting services grew by an average of about 3.7% in 2014, with a broad range of fortunes on a company-by-company basis, according to the preliminary results of an ongoing survey being conducted by environmental market research and publishing firm Environment Analyst (London, U.K.). About 300 respondents to the Market Trends survey as of May 15 indicated a varied picture on growth, with 36% saying that they are actively recruiting while another 30% indicated that they were hiring only to maintain the status quo. Another 11% reported that they were forced to cut staff during 2014. In terms of client sectors, about 69% of the respondents reported growth in the construction/property sector, with the majority saying that growth there had exceeded 5%. About 60% of the respondents reported that their firms had enjoyed growth in renewable energy, while 56% said that their firms had experienced growth in transportation. Southeast Asia, including China, was ranked as the fastest-growing regional market for environmental consulting services, according to the survey’s preliminary results.

Last Updated on Thursday, 21 May 2015
 

De Nora to purchase Severn Trent’s purification business

Fresh off the addition of a global ozone generation technology line, De Nora SpA (Milan, Italy) announced that it has reached an agreement with Severn Trent PLC (Coventry, U.K.) under which De Nora will acquire Severn Trent’s Water Purification business, a global provider of electrochlorination, disinfection, and filtration product lines. Since 2002, De Nora and Severn Trent have been partners in a joint venture that provides electrochemical processes in water and wastewater treatment applications for the municipal market and the onshore and offshore energy and marine sectors. “Over the last 18 months we’ve made a number of improvements to the Water Purification business, including improving our sales process and contract management,” said Liv Garfield, CEO of Severn Trent PLC. “The business is now on a more stable footing and growing both the top and bottom line. However, it’s clear that, in order for the business to fulfill its growth potential, it needs manufacturing and product expertise and focus, so it’s the right time for it to have a new owner. This sale will allow us to focus on our core water and wastewater service businesses in the U.K. and abroad.”

Last Updated on Thursday, 21 May 2015
 

Kurion to treat water at Cimarron fuel fabrication plant

Nuclear and hazardous waste management firm Kurion, Inc. (Irvine, CA) has received a contract from Environmental Properties Management, LLC to lead the design of a water treatment system for the decommissioning of the Cimarron fuel fabrication facility, the former nuclear fuels fabrication plant near Cimarron City, Oklahoma, made famous in the Karen Silkwood case. Under the contract, Kurion will manage all aspects of the design, construction, testing, and documentation of the system, which will remove radioactive nuclides and nitrates from groundwater at the site. “Kurion’s modular, skid-based systems dramatically change the cost structure and treatment schedule for nuclear waste remediation,” said Bill Gallo, Kurion’s CEO. “This approach has proven to be effective at the Fukushima Daiichi Nuclear Power Plant in a radioactive environment. This experience gives us a technological edge over the largest players in nuclear waste management.” Operated by Kerr-McGee from 1965 to 1975, the Cimarron plant produced nuclear fuel until 1976. Karen Silkwood, a chemical technician at the plant, died in a mysterious car accident after she began to protest safety conditions at the facility. Environmental Properties Management is the trustee for the Cimarron Environmental Response Trust, which owns the site.

Last Updated on Thursday, 21 May 2015
 

Lakeshore Recycling wins major Chicago-area contract

Lakeshore Recycling Systems (Chicago, IL) announced that it has received a three-year contract from City Colleges of Chicago (CCC) to provide waste collection and recycling services at eight CCC campuses in the Chicago area. The new contract, which includes the recycling of electronic waste, or “e-waste,” expands upon an existing contract under which Lakeshore Recycling was providing such services to one CCC site. The new contract encompasses four colleges and four satellite learning centers. Lakeshore Recycling has made major inroads in the Chicago-area education market, having scored a five-year award in 2013 to provide waste removal and recycling services at more than 600 schools in Chicago’s public schools system.

Last Updated on Thursday, 21 May 2015
 

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