Xylem completes acquisition of Evoqua

Global water technology company Xylem has acquired Evoqua Water Technologies Corp., a leader in mission-critical water treatment solutions and services, in an all-stock transaction valued at approximately $7.5 billion. The combination creates the world’s most advanced platform of capabilities to address customers’ and communities’ critical water challenges.

Headquartered in Washington, D.C., the combined company becomes the world’s largest pure-play water technology company, with $7.3 billion in pro forma revenue and more than 22,000 employees. Xylem’s portfolio of 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.

The combined company’s executive leadership team will be led by Patrick Decker and include senior leaders from both Xylem and Evoqua. Xylem has also appointed Lisa Glatch and Lynn C. Swann, former Evoqua directors, to serve as members of its Board.