Layne Christensen Co. has announced the acquisition of Intevras Technologies LLC, a privately held holding company of Industrial Water Treatment Processes, located in Austin, Texas. The acquisition purchase price was $5.5 million, plus future incentives, and was funded from Layne Christensen's current cash balances.
focuses on the treatment, filtration, handling and evaporative crystallization
and disposal of industrial wastewaters. With two primary technologies, the
EVRAS Evaporative System and the INTEGRA Automated Disk Filtration System,
Intevras' recent activities in the Barnett and Marcellus Shales positions it as
one of the leaders in the treatment and disposal of heavy brine waters in the
oil and gas markets.
Layne division president, says, "The INTEGRA filter provides solids
separation to the five micron particle size, and the EVRAS technology provides
mobile evaporative reduction, concentration and solidification of industrial
waste streams. The capability of the INTEGRA filter to remove solids to such
low levels without changing media, combined with the ability of the EVRAS units
to employ waste heat in the evaporative process, is a huge plus. Additionally,
a small footprint combined with mobility allow this technology to be applied to
shale gas water treatment, as well as power, food and beverage and municipal
applications dealing with re-use and waste minimization. This acquisition is
strategically aligned with Layne's focus on expanding our water treatment
offerings and residuals management capabilities."
Lucario, CEO of Intevras, comments, "This is an exciting time for all of us
at Intevras. With James J. Harris, the founder and inventor of our technology,
I look forward to being part of the Layne Christensen family. The resources,
experience and customer base that Layne provides will help us expand our market
base not only in the oil and gas industry but in other industries as well. Our
goal is to make Layne the leader in Zero Liquid Discharge applications."
Christensen Co.'s water services include single-source, full-service
capabilities encompassing expertise in geosciences, water well drilling, pumps,
water and wastewater transmission infrastructure and water and wastewater
treatment. The company offers advanced treatment technologies for the removal
of arsenic, iron, manganese, radionuclides, perchlorate, nitrate and volatile
Layne Christensen Acquires Intevras Technologies
August 6, 2010