Home NewsCompanies Corporate Global Water Treatment Xylem to acquire Evoqua in $7.5 billion water-treatment deal.

Xylem to acquire Evoqua in $7.5 billion water-treatment deal.

Leading global water technology company Xylem Water Solutions has acquired Evoqua Water Technologies Corp. – a leading provider of mission critical water and wastewater treatment solutions for $7.5 billion. The transaction will allow the companies to deliver an unparalleled portfolio of advanced technologies, integrated services and application expertise across the water cycle.

Together, the companies generated over $7 billion in combined revenue in the 12-month period ending September 30, 2022. The combination unlocks compelling new growth opportunities and is expected to deliver run-rate cost synergies of $140 million within three years.

Evoqua shareholders will receive 0.480 shares of Xylem for each Evoqua share, representing a value of $52.89 per share. The transaction, which is anticipated to close in mid-2023, is subject to approval by shareholders and the receipt of required regulatory approvals.

Xylem and Evoqua shareholders will own approximately 75 percent of the combined company on a fully diluted basis. The combined company will continue to be led by Patrick Decker, Xylem’s President and CEO.

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