Flowserve Corp. announced it acquired privately-owned CALDER AG, a $23 million Swiss company specializing in the design, engineering and supply of energy-recovery equipment and related proprietary technologies for the reverse osmosis process used in desalination plants around the world. Terms of the transaction were not disclosed.

Market research reports from analysts covering the water industry project that worldwide desalination capacity will more than double within the next decade, with the reverse osmosis methodology expected to be utilized for a majority of these new plant developments.