Global water technology company Xylem Inc. has agreed to acquire Evoqua, a provider of mission-critical water and wastewater treatment solutions, in an all-stock transaction reflecting an implied enterprise value of $7.5 billion.
The combined company, which joins Evoqua’s solutions and Xylem’s portfolio of solutions with advanced water and wastewater treatment capabilities, will be uniquely positioned to develop and deliver an even more comprehensive offering of innovative solutions.
“Solving the world’s water challenges has never been more urgent,” said Patrick Decker, president and CEO of Xylem. “Our acquisition of Evoqua creates a transformative global platform to address water scarcity, affordability and resilience at even greater scale. The combined company delivers an unparalleled portfolio of advanced technologies, integrated services and application expertise across the water cycle.”
Under the transaction, Evoqua shareholders will receive 0