Siemens Industry Automation Div. entered into an agreement to acquire Cambridge Water Technology, based in Cambridge, Mass. With this acquisition, Siemens intends to strengthen its product portfolio.
The acquisition of Cambridge Water Technology is an important building block to Siemens’ strategy of pursuing “leading edge” technologies with high customer value for municipal water and wastewater treatment as well as select industrial markets, Siemens said.
Siemens aims to provide cost-effective yet high-quality water treatment in both developed and developing countries by using innovative and standardized solutions. The technologies developed and patented by Cambridge Water Technology aim to increase the rate of solids removal and enhance the capacity and contaminant removal performance of water and wastewater treatment systems.
The technologies also aim to effectively manage high wet weather flows and enable enhanced nutrient removal at costs that are substantially less than other available alternatives. Suitable for use in new installations as well as upgrades and retrofits for a variety of municipal and industrial applications, the Cambridge Water Technology product line complements Siemens’ offer for biological wastewater treatment and clarification, and drinking water treatment.
Cambridge Water Technology is expected to combine with Siemens’ municipal wastewater business and will continue to operate out of Cambridge. The company’s senior managers, Charles Hamlin, Steve Woodard and Andy Bishop also are joining the Siemens business unit’s management team.
Source: Siemens
