Xylem, a leading global water technology company dedicated to solving the world's most challenging water issues, has entered into an agreement to acquire the Cornell Pump and Roper Pump businesses from Indicor for $1.46 billion (€1.27 billion).
The acquisition expands Xylem's ability to serve a broader range of mission-critical industrial applications while advancing its strategy to increase exposure to high-growth sectors benefiting from infrastructure investment, industrial modernisation and growing resource demands.
“The long-term demand drivers supporting our business continue to strengthen, creating new opportunities across industrial markets where water is increasingly critical to operational success,” said Matthew Pine, president and CEO of Xylem.
“This acquisition expands our presence in key growth sectors and enhances our ability to help customers address evolving operational requirements. It also strengthens our portfolio in ways that support long-term value creation.”
Xylem to acquire Cornell Pump and Roper Pump – strengthening industrial presence in high growth sectors
