Energy Recovery, Recovery, Colombia, Recovery, Desalination, Wastewater Treatment, Recovery, Cyprus, Oil & Gas, Hawaii
Nirosoft wins large Colombian desalination plant
Nirosoft Industries Ltd has been awarded a contract by Pacific Rubiales Energy Corp (PREC) for design and construction of a produced-water desalination plant in Colombia.
Study starts on salinity reclamation of W Australian river
Mitigation measures such as desalination and diversion could be proposed for the Collie river basin in Western Australia as a result of an independent review of possible strategies for salinity recovery, which has just been started by consultants KPMG and Worley Parsons.
Nirosoft selects ERI PXs for Limassol desalination
The 50,000 m³/d seawater desalination plant currently under construction in Limassol, Cyprus, will use PX-260 pressure-exchangers from Energy Recovery Inc (ERI).
Interview: Juan Miguel Pinto, ALADYR president
The new president of ALADYR, the Latin America desalination and water reuse association, sees his organisation as a window onto the region for international companies. His big aim is to step up events during 2018, taking knowledge of desalination and reuse out to the market.
Flowserve wins pumps and ERDs for Larnaca desalination
DWEER energy-recovery units and Flowserve DMX high-pressure pumps are to be supplied for the 60,000 m³/d Larnaca seawater reverse-osmosis (SWRO) desalination plant currently being rebuilt in Cyprus.
Energy Recovery announces deal duo
Industrial fluid pressure technology company, Energy Recovery, has announced its second US$ 1.8 million deal in recent weeks at sites in the Middle East and North Africa region. The latest win to supply its PX Pressure Exchanger system was for a 68 Ml/d desalination plant at an undisclosed site in the Middle East. It closed an earlier, similar deal in Morocco.
Jersey contracts ACWA to upgrade desalination plant
Utility, Jersey Water, has contracted international water and wastewater treatment firm, ACWA Services, to carry a out a £6 million (US$ 9 million) upgrade of the Channel Island's La Rosière desalination plant in a bid to cut operating costs and meet rising demand.
Energy Recovery bags US$ 1 million in desalination orders in India and Ghana
Fluid flow energy efficiency firm Energy Recovery has won desalination orders totalling US$ 1 million for original manufacturer projects using its technology in India and Ghana. The company said the deals were among a continuing revenue stream from small-to-medium sized projects.
Energy Recovery chief to quit
Chief executive officer (CEO) of pressure technology specialist Energy Recovery, Thomas Rooney, has resigned as the company increases its focus on the oil and gas sector.
ERI hires oil expert from Schlumberger
Energy Recovery Inc has hired seasoned oil and gas expert Ismail Nawaz as its vice president, oil and gas product development.
Speakers announced for IDA conference in Banff
Speakers and sessions for the May conference on Water Recycling and Desalination for the Oil & Gas Industry have been announced by the organizers, the International Desalination Association (IDA).
Desalitech ties up with Toyo for international market
Innovative reverse-osmosis (RO) developer Desalitech and Japan's Toyo Engineering Corporation announced on 11 December 2013 the formation of a strategic partnership to introduce water and wastewater treatment solutions to Japanese, East Asian and international markets.
US$ 6.25 million equity investment for Desalitech
Reverse-osmosis (RO) innovator Desalitech Inc has secured an equity investment of U$$ 6.25 million led by Liberation Capital LLC, which will be used for business expansion and working capital.
Ozwater '12 abstracts required before 1 September
The Australian Water Association (AWA) has issued a call for papers for Ozwater '12 to be held on 8-10 May 2012 in Sydney.
China's Tri-Tech acquires Wisconsin desalination provider
Desalination and wastewater treatment provider J&Y International Inc, based in Wisconsin, USA, was acquired by subsidiaries of Tri-Tech Holding Inc of China on 9 June 2011.
LACSD signs up Desalitech for chloride‑removal test
Desalination system developer Desalitech is to support a pilot project with the Los Angeles County Sanitation Districts (LACSD) to upgrade two Santa Clarita Valley wastewater treatment plants in order to meet state‑mandated chloride limits, the company announced on 2 October 2013.
Electrochemical desalination MoU signed in Singapore
A memorandum of understanding (MoU) between Singapore's national water agency, PUB, and Evoqua Water Technologies to further develop electrochemical desalination technology was one of five MoUs signed during Singapore International Water Week, which ended on 5 June 2014.
Papers invited for 2013 AWWA/AMTA event
With the 2012 AWWA/AMTA Membrane Technology Conference under way this week in Phoenix, Arizona, a call for papers has been issued for next year's event in Texas.
Desalitech closed-circuit technology set for BWRO project
Israel-based Desalitech Ltd announced on 7 April 2011 that it had been awarded a contract to design and build a reverse osmosis (RO) desalination system for Environmental Protection Technologies (EPT), a global company that leads the industrial wastewater treatment market in Israel.
Biwater completes Virgin Islands desalination plant
Water technology company, Biwater, has started full commercial operation of a new 10,400 m³/day reverse osmosis seawater desalination plant constructed by the firm on the island of Tortola in the British Virgin Islands.
Desalitech and Veolia tie up Mexican MoU
Desalitech Inc has signed a memorandum of understanding (MoU) with Veolia Water Solutions & Technologies to bring advanced cost‑effective high‑recovery water solutions to Mexico and additional countries worldwide.
Cadagua choses ERI for Valdelentisco desalination refit
Spain's Cadagua has chosen PX® energy-recovery technology for its refit contract for the Valdelentisco desalination plant in Murcia, Spain.
ERI Q Series chosen for Acciona project in Chile
Spanish contractor Acciona Agua has chosen Energy Recovery Inc (ERI) energy-recovery equipment for its contract for the Minera CAP expansion desalination project in the Copiapó Valley in Chile's Atacama Region III, ERI announced on 16 July 2013.
Japanese pump maker buys 50% of FEDCO
Torishima Pump Mfg Co Ltd of Japan has acquired a 50% stake in Fluid Equipment Development Company (FEDCO), the US manufacturer of high- and low‑pressure pumps and energy-recovery equipment for desalination.
ERI providing energy-recovery in Ghana and Oman
Spanish contractor Abengoa will use Energy Recovery Inc's pressure-exchanger technology in two desalination plants it is building in Ghana and Oman.
Energy Recovery ships gear to Oman for Sur project
Pressure energy technology firm, Energy Recovery, has shipped the components for a US$ 1 million desalination plant project in Sur, Oman in partnership with French desalination company, Sidem.
Second Chennai SWRO plant commissioned
The Nemmeli desalination plant in Tamil Nadu, India, was commissioned on 22 February 2013 by the state's chief minister, Selvi J Jayalalithaa. It is the second seawater reverse-osmosis (RO) plant to provide drinking water for the city of Chennai.
ERD comparison tool developed by WateReuse project
A tool to allow engineers to evaluate commercially available energy-recovery devices (ERDs) for reverse-osmosis (RO) systems has been developed under a research project funded by the WateReuse Research Foundation.
Cadagua orders ERI PX-Q300s for Morocco project
Spanish desalination contractor Cadagua has ordered PX‑Q300 pressure‑exchangers from Energy Recovery Inc (ERI) for the first phase of the Jorf Lasfar seawater desalination plant in Morocco.
Santa Cruz desalination EIR delayed until fall
The environmental impact report (EIR) for the proposed 2.5 MGD (9,500 m³/d) desalination plant (scwd²) for Santa Cruz, California, will not now be published until fall 2012.
ERI lands contract for Ghalilah desalination project
Aquatech International has awarded Energy Recovery Inc (ERI) a contract for provision of energy‑recovery devices for a large‑scale desalination plant in the United Arab Emirates (UAE).
Sadyt chooses ERI pressure-exchangers for Ashdod
Israel's giant Ashdod desalination plant is to use PX-Q300 energy-recovery pressure-exchangers supplied by Energy Recovery Inc (ERI) of the USA.
ERI to supply two S American mining desalination plants
Two large contracts in desalination projects for the mining industry in South American were announced on 1 March 2012 by Energy Recovery Inc (ERI), which will be supplying its PX Pressure Exchangers to both projects.
Perth desalination expansion to use ERDs from ERI
The expansion to the Southern Seawater Desalination Plant in Western Australia is to use PX Pressure Exchanger energy-recovery devices as were used in the original plant.
Cadagua selects PX devices for Al Zawrah desalination
PX energy-recovery devices have been selected for the 45,000 m³/d Al Zawrah seawater reverse-osmosis (SWRO) desalination plant in Ajman, UAE, by the consortium led by Spanish company Cadagua.
ERI chief calls for less plant downtime
The new CEO of Energy Recovery Inc (ERI), Tom Rooney, in an interview with Desalination & Water Reuse (D&WR) at the International Desalination Association's World Congress in Perth, Australia, on 7 September 2011, revealed that the company was now focusing on the issue of plant utilization.
Tonner to join Consolidated Water as COO
Experienced desalter John Tonner is joining Consolidated Water Co Ltd as chief operating officer from 1 September 2011.
Energy Recovery trials its pump-guarding fracking system
Liberty Oilfield Services is to conduct trials of Energy Recovery's Vor Teq hydraulic pumping system for hydraulic fracturing (fracking) at US well sites. The system is based on Energy Recovery's PX Pressure Exchanger technology which is deployed in more than 15,000 desalination installations worldwide according to Energy Recovery.
ERI to vacate its facility in Michigan
Energy Recovery Inc (ERI) is vacating the old Pump Engineering (PEI) base in Michigan, USA, where it has assembled turbochargers and pumps for desalination projects since taking over PEI in 2009.
FEDCO opens Dubai sales and service center
US-based desalination equipment manufacturer Fluid Equipment Development Co (FEDCO) has opened a Middle East Sales & Service Center in Dubai, UAE.
ERI pumps and ERDs selected for Bahamas desalination expansion
High-pressure pumps and energy-recovery technology are to be provided for the 18,500 m³/d expansion to the Blue Hills seawater reverse-osmosis desalination plant in the Bahamas by Energy Recovery Inc (ERI).
ERI pressure-exchangers for Spanish desalination plant
The 50,000 m³/d Marina Baja-Mutxamel seawater reverse-osmosis desalination plant currently under construction near Alicante, Spain, is to be fitted with PX-260 energy-recovery devices.
Energy Recovery bags deal for giant Chinese desalination plant
Energy Recovery has won a US$ 2.3 million to supply its pressure exchange technology for a 100,000 m³/d desalination plant in China.
New CEO appointed at ERI as 'GG' retires
Almost the last recognizable face of the original team at Energy Recovery Inc (ERI), provider of energy-recovery devices for desalination, will now disappear with the retirement of its CEO, GG Pique.
Magtaa desalination turbocharger delivery complete
Delivery of 25 TurboCharger energy recovery devices for the largest seawater reverse osmosis (SWRO) desalination plant in the world has been completed by Energy Recovery Inc (ERI).
Two Spanish desalination plants get ERI PX devices
Energy Recovery Inc (ERI) is to supply energy recovery-devices for two new seawater reverse-osmosis (SWRO) desalination plants currently under construction along the Mediterranean coast of Spain.
West Basin district dedicates desalination demo facility
California's West Basin Municipal Water District is nearing completion of its new desalination demonstration facility, following formal dedication of the plant on 12 November 2010.
Energy Recovery doubles up
Pressure technology firm, Energy Recovery, has won orders totalling US$ 2 million for two separate projects in France and Egypt.
Befesa chooses ERI again for Qingdao seawater desalination
The 100,000 m³/d Qingdao seawater desalination plant in China is to become the seventh Befesa- built reverse-osmosis plant to use PX isobaric energy-recovery devices from Energy Recovery Inc (ERI).
Fedco pressure-booster beats 80% efficiency
"We're now ready to go after any project in the world," Eli Oklejas, president of Fedco, told D&WR, after he had announced that a performance test on the company's hydraulic pressure booster (HPB) energy-recovery device for desalination had surpassed 80% efficiency.
IDA finalises Huntington Beach desalination energy conference topics
The International Desalination Association (IDA) has finalised the speakers and topics for its new-style conference Desalination: An Energy Solution, which is being held on 2-3 November 2010 in Huntington Beach, California, the city likely to host the USA's next large desalination plant after Carlsbad.
Hydrochem chooses DWEERs for Oman's Salalah desalination
DWEER energy-recovery systems will be used in the Salalah Independent Water & Power Plant (Salalah IWPP) in Oman to recover energy from the high-pressure brine stream in the desalination process.
Consolidated chooses ERI for Red Gate replacement
Consolidated Water Co Ltd has chosen Energy Recovery Inc's PX devices to replace the existing DWEER energy-recovery technology in a refit for the Red Gate desalination plant on Grand Cayman Island.
Aqualyng begins first phase of Chinese SWRO plant
Norwegian desalination company Aqualyng on 15 March 2010 began the construction phase of the 50,000 m³/d seawater reverse-osmosis plant to serve the water needs of the Caofeidian Industrial Zone 220km east of Beijing in China.
Stover becomes Oasys vice-president of engineering
Rick Stover, whose exit from Energy Recovery Inc (ERI) was announced last week, joined Oasys, the developer of Engineered Osmosis systems for desalination, energy and resource recovery, as vice- president of engineering, on 19 January 2010.
Stover quits ERI 'to pursue other endeavours'
Dr Richard Stover, one of the key figures in the rise of Energy Recovery Inc in the last decade, has resigned from the company "to pursue other endeavours".
ERI equipment chosen for Melbourne desalination
The AquaSure consortium has chosen PX Pressure Exchanger energy-recovery technology from Energy Recovery Inc (ERI) for the Victorian Desalination Project, which will supply drinking water to Melbourne, Australia.
Pump Engineering takeover gives ERI turbine technology
Energy Recovery Inc, manufacturer of PX energy-recovery devices for the desalination industry, announced on 2 December 2009 that it has entered into a definitive agreement to acquire all of the equity interests of competitor Pump Engineering LLC, based in New Boston, Michigan.
Second Perth plant chooses ERI pressure exchangers
The 140,000 m³/d Southern Seawater Desalination Plant (SSDP) in Western Australia will use PX Pressure Exchanger energy-recovery devices made by Energy Recovery Inc (ERI), the California-based company announced on 6 October 2009.
PX energy-recovery for Hadera desalination expansion
Energy Recovery Inc's PX Pressure Exchanger (PX) devices have been selected by IDE Technologies for the expansion of its seawater reverse-osmosis desalination plant in Hadera, Israel.
PX energy-recovery units selected for Palmachim expansion
Energy Recovery Inc announced on 9 September 2009 that its PX Pressure Exchanger (PX) devices have been selected for use in the expansion of the 115,000 m³/d Palmachim desalination plant, one of the largest seawater reverse osmosis plants in Israel.
West Basin desalination demo could begin next year
Construction could begin in 2010 on the Ocean-Water Desalination Demonstration Project at Redondo Beach near Los Angeles, California, the West Basin Municipal Water District announced on 30 July 2009.
ERI wins ninth Algerian supply contract
UTE Cap Djinet, a consortium consisting of Spanish contractors Inima and Aqualia, has selected PX Pressure Exchanger energy-recovery devices from Energy Recovery Inc for a large desalination plant to be built in Algeria.
First Water Standard vessel will use ERI units
Water Standard plans to use the PX Pressure Exchanger energy-recovery device made by Energy Recovery Inc (ERI) in its first Seawater Desalination Vessel (SDV), the two companies announced on 19 May 2009. Florida-based Water Standard builds and operates vessels that deliver desalinated water to clients onshore and to the offshore energy industry.
ERI to supply 75,000 m³/d Venezuelan desalination plant
Spanish EPC contractor Acciona Agua has awarded Energy Recovery Inc (ERI) of the USA the energy-recovery technology contract for the 75,000 m³/d (20 MGD) Paraguana desalination plant in Venezuela.
ERI appoints two new directors
Energy Recovery Inc, the California-based desalination energy-recovery technology company, announced on 25 February 2009 the appointment of two new directors: Stanford University professor Dr M Elisabeth Pate-Cornell and Jackalyne Pfannenstiel, former chair of the California Energy Commission (CEC).
PEI gets venture capital boost
Pump Engineering Inc (PEI), US manufacturer of pumps and turbocharger energy-recovery devices for reverse-osmosis desalination, announced on 26 January 2009 that it had closed a "multi-million dollar" equity investment deal with Plymouth Venture Partners (PVP) earlier in the month.
ERI wins another Algerian contract
Another large-scale energy-recovery contract for seawater reverse osmosis (SWRO) desalination in Algeria was announced by Energy Recovery Inc on 11 December 2008.
ERI to supply Hyflux project in Algeria
The Souk Tleta seawater reverse-osmosis desalination plant in Tlemcen in north-western Algeria, is to be supplied by Energy Recovery Inc (ERI) with 269 PX-220 energy recovery devices.
Tordera expansion to use ERI devices
The energy recovery contract for the expansion of the Tordera seawater reverse osmosis (SWRO) desalination plant near Barcelona, Spain, has been awarded to Energy Recovery Inc.
ERI supplies Andalucian desalter
Fifty PX-220 energy recovery devices to operate in the first-stage of the reverse osmosis process are to be supplied for the Bajo Almanzora seawater desalination project in Spain by Energy Recovery Inc.
Kuwait's 136,000 m³/d Shuwaikh plant awarded to Doosan
Doosan Heavy Industries & Construction won the contract in September for the 136,000 m³/d (36 MGD) Shuwaikh Seawater Reverse Osmosis (SWRO) Desalination Plant, the first in the country to use SWRO. Simultaneously, Doosan awarded the energy-recovery contract to Energy Recovery Inc (ERI).
Possibilities for energy optimisation in design and operation of SWRO plants
Seawater desalination with reverse osmosis (SWRO) has taken a noteworthy upturn during recent years. One of the reasons for the success of the membrane process is its lower energy consumption in comparison with thermal desalination processes. The high-pressure RO desalination stage is undoubtedly the dominating energy consumer of an SWRO plant. Energy consumption of SWRO, despite its energy-recovery aspects, is also influenced by a huge number of additional factors. These are both of an external nature (eg, environmental conditions and stipulations), but are also determined by design and configuration of the plant. On the basis of an SWRO plant model, which covers the different pre-treatment and RO configurations and also the design with energy consumption of potabilisation and additional wastewater treatment and sludge dewatering facilities, the specific energy consumption of an SWRO and its subsystems has been determined in this article. Considering the various aspects to be taken into account for optimization of energy consumption in seawater reverse osmosis plants and the fact that in most cases these measures are offset by increases in capital costs for equipment or possibly also in chemical consumption, optimisation of the energy consumption of SWRO plants during planning and operation is a quite extensive and complicated matter and a demanding engineering task. This article is an expanded and updated version of the article published in the August/September issue of D&WR magazine.
"We're now at more than $100 million revenue." Doug Brown, AquaVenture chairman and CEO
AquaVenture chief executive Doug Brown has a track record of delivering shareholder value. When he joined water technology and engineering firm Ionics as chief executive in 2003, the struggling business was trading at $16 a share.
Desalitech's Rick Stover: "The world's experts on desal and reuse are coming to Miami"
Desalitech executive vice president Rick Stover says that delegates can expect stimulating open forum discussions, papers and research at the IDA Energy and Environment Conference in Miami, USA, December 2016
Energy Recovery supplies Mirfa project
US fluid pressure recycling specialist, Energy Recovery, is to provide its PX Pressure Exchanger technology to the giant Mirfa desalination project in Abu Dhabi, United Arab Emirates (UAE).
Aquatech increases Pennsylvania oil & gas resources
Aquatech has increased its oil & gas water management services in the Marcellus and Utica Shale regions of Pennsylvania with the acquisition of Fluid Recovery Services (FRS), based in Creekside.
Energy Recovery bags US$ 1 mlllion US deal duo
Flow energy technology firm, Energy Recovery, has won US$ 1 million in deals for desalination projects in California and Texas.
FEDCO moves to new Dubai sales and service center
Fluid Equipment Development Company (FEDCO) has relocated its Dubai sales and service office to a new facility during November.
Queensland legislates for centralised CSG brine disposal
The Queensland state government in Australia is introducing legislation to bring about centralised treatment and disposal of water and brine produced from the coal-seam gas (CSG) industry.
Piedmont Pacific's Jim Medanich dies at 75
One of the best loved characters of the desalination world passed away on 9 November 2013 - James Medanich, founder and president of Piedmont Pacific Corporation.
Another oil-sands evaporation contract for GE in Alberta
GE has won its fifth contract in the Alberta oil sands of Canada for use of its evaporation technologies for recycling the blowdown from once-through steam generators (OSTGs).
ERI pressure-exchangers chosen for Fujairah expansion
Acciona Agua has chosen Energy-Recovery Inc to provide its PX® Q line of energy-recovery devices (ERDs) for the Fujairah 1 Expansion desalination project in the UAE.
Agnihotri elected to board of ThermoEnergy Corp
Dr Dileep Agnihotri, the CEO and president of Advanced Hydro Inc, a company set up to commercialise a novel antifouling membrane coating technology at the University of Texas - Austin, has joined the board of ThermoEnergy Corp, a Massachusetts-based company engaged in development and sales of municipal and industrial wastewater-recovery and clean power-generation technologies.
Al Ghubrah desalination to use ERI energy-recovery devices
Energy Recover Inc is to supply its PX Q300 Pressure Exchanger® technology for the Al Ghubrah seawater desalination plant in Oman.
ERI lands Al-Jubail contract in Saudi Arabia
Acciona Agua has awarded a contract to Energy Recovery Inc for PX Pressure Exchanger energy‑recovery equipment for the SWRO‑4 desalination plant in Al Jubail, Saudi Arabia.
ERI to provide pressure-exchangers for Carlsbad SWRO
IDE Technologies has selected pressure-exchangers from Energy Recovery Inc (ERI) for the 189,000 m³/d Carlsbad seawater desalination plant in California, USA.
BEL pressure vessels set for Colombian desalination
Pressure vessels for the 79,500 m³/d produced-water desalination plant being designed and built for Pacific Rubiales Energy Corp (PREC) in Columbia are to be supplied by BEL Composite Industries.
Biwater Florida RO project has manipulated ER unit
Acceptance testing has been successfully completed for a I.5 MGD (5,680 m³/d) reverse osmosis (RO) system being built by Biwater at the Springtree Water Treatment Plant in Sunrise, Florida, USA.
FEDCO moves Singapore office to PUB's WaterHub
Following its continued growth in Asia, Michigan-based Fluid Equipment Development Company (FEDCO) has relocated its Singapore office to the WaterHub location of PUB, the national water agency.
PEI wins giant Magtaa energy-recovery contract
Hyflux Ltd has selected HTCAT TurboChargers from Pump Engineering Inc (PEI) as the energy-recovery technology for the 500,000 m³/d seawater reverse-osmosis (SWRO) plant at Magtaa on the Mediterranean coast of Algeria.
ERI denies 'takeover target' story
Energy Recover Inc (ERI), US manufacturer of desalination energy-recovery devices, denied on 20 November 2012 that it was a takeover target, following a report on Bloomberg Business Week based on a telephone interview with ERI's CEO, Tom Rooney.
Second Isobarix ER unit installed in Mexico
Isobarix has installed its second commercial XPR energy-recovery unit for Memco Sistemas de Separacion SA de CV, who operate several seawater reverse-osmosis plants at resorts in Cancun and Los Cabos, Mexico.
Energy Recovery wins deals totalling US$ 10.3 million in Asia and Middle East
Pressure energy technology specialist, Energy Recovery, has won US$ 10.3 million in project awards to install its PX Pressure Exchanger technology in desalination plants in Asia and the Middle East.
CaribDA, ERI and Dow back operator training
In co-operation with Energy Recovery Inc (ERI) and Dow Water & Process Solutions, the Caribbean Desalination Association is organising a two-day operator training program at the Westin Dawn Beach Resort in St Maarten on 17-18 September 2009.
Energy Recovery bags US$ 1.8 million Morocco deal
Pressure energy technology firm, Energy Recovery, has won a US$ 1.8 million deal to supply its PX pressure exchanger technology for a desalination plant in Morocco.
Flowserve wins three Calder orders in Spain
Flowserve Corporation announced on 9 July 2009 that it had received three orders for Calder energy-recovery devices for seawater reverse-osmosis desalination projects in Spain including the Campo de Dalais project, which will receive the recently upgraded DWEER units.
Egyptian SWRO plant to use ERI pressure exchangers
Egypt's largest desalination plant being built at Marsa Matrouh is to be supplied with Pressure Exchanger (PX) energy-recovery devices by Energy Recovery Inc of California.
Energy Recovery wins Saudi solar deal
Industrial fluid pressure technology specialist, Energy Recovery, has won a US$ 1.4 million deal to supply its PX pressure exchanger technology for the world's first large-scale solar-powered desalination plant.
Calder bought by Flowserve
US pump and valve manufacturer Flowserve announced on 21 April 2009 that it acquired Swiss desalination energy-recovery system provider Calder AG. Terms of the transaction were not disclosed.