Xylem acquires Evoqua Water Technologies in US$7.5bn deal

Xylem Inc has completed its acquisition of Evoqua Water Technologies Corp in an all-stock transaction valued at approximately US$7.5 billion.

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Headquartered in Washington, DC, the combined company becomes the world’s largest pure-play water technology company, with US$7.3 billion in pro forma revenue and more than 22,000 employees globally.

“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.”

The combined company's executive leadership team will be led by Decker and include senior leaders from both Xylem and Evoqua.