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Xylem Completes Acquisition of Evoqua

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

It’s n all-stock transaction valued at approximately $7.5 billion.

WD News: Xylem Inc has announced the completion of its acquisition of Evoqua Water Technologies Corp in an all-stock transaction valued at approximately $7.5 billion. The combination is expected to create an advanced platform of capabilities to address critical water challenges.

Headquartered in Washington, D.C., the combined company has become the world’s largest pure-play water technology company, with $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.

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 of Directors.

Source & image courtesy: Xylem

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