Xylem has completed its acquisition of Evoqua Water Technologies, a leader in mission-critical water treatment solutions and services, in an all-stock transaction valued at approximately $7.5 billion (€7 billion).
The combination creates the world’s most advanced platform of capabilities to address customers’ and communities’ critical water challenges.
Headquartered in Washington, DC the combined company becomes the world’s largest pure-play water technology company, with $7.3 billion (€6.9 billion) in pro forma revenue and more than 22,000 employees globally.
Xylem’s unmatched portfolio of innovative solutions across the water cycle, including advanced technologies, integrated services, and deep application expertise, will help customers in utilities, industrial and commercial end markets address their most pressing water needs.
“Global awareness of water as a systemic risk to society has never been greater. Investment in water solutions continues to accelerate as communities and businesses around the world address intensifying challenges like water scarcity, quality and resilience to climate change – and how to address these issues in an affordable way,” said Patrick Decker, president and CEO of Xylem. “Our combination with Evoqua creates a transformative global platform to solve these critical water challenges at an even greater scale. Together, we are uniquely positioned to help meet customers’ mission-critical needs with an unmatched portfolio of products and services across the water cycle.”
The combined company's executive leadership team will be led by Patrick Decker and include senior leaders from both Xylem and Evoqua.
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