M&A Deal Summary

Xylem Acquires Evoqua

On January 23, 2023, Xylem acquired environmental company Evoqua for 7.5B USD

Acquisition Highlights
  • This is Xylem’s 2nd transaction in the Environmental sector.
  • This is Xylem’s largest (disclosed) transaction.
  • This is Xylem’s 10th transaction in the United States.
  • This is Xylem’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-01-23
Target Evoqua
Sector Environmental
Buyer(s) Xylem
Deal Type Add-on Acquisition
Deal Value 7.5B USD
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Jones Day (Legal)

Target

Evoqua

Pittsburgh, Pennsylvania, United States
website
Evoqua provides water and wastewater treatment products, systems, and services for industrial and municipal customers. Its comprehensive, cost-effective, and reliable treatment systems and services reduce fresh water demand, ensure uninterrupted quantity and quality of water, and enable regulatory and environmental compliance. With a wide range of proven product brands and advanced water and wastewater treatment technologies, mobile and emergency water supply solutions, and service contract options, Evoqua helps cities provide clean water and industrial plants to maintain productivity and profitability. Evoqua was founded in 2014 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Xylem

Rye Brook, New York, United States

website

Category Company
Sector Machinery
Employees16,000
Revenue 5.5B USD (2022)
DESCRIPTION

Xylem is a global water technology company. Xylem designs, manufactures and services highly engineered solutions ranging across a wide variety of critical applications primarily in the water sector, but also in electric and gas. The Company's broad portfolio of solutions addresses customer needs across the water cycle, from the delivery, measurement and use of drinking water to the collection, test and treatment of wastewater to the return of water to the environment. Xylem is based in Rye Brook, New York.

DEAL STATS #
Overall 16 of 16
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 15 of 15
State (Pennsylvania) 1 of 1
Country (United States) 10 of 10
Year (2023) 1 of 1
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 EmNet

South Bend, Indiana, United States

EmNet LLC is a designer and implement of large and complex real time monitoring systems for challenging water applications. EmNet was founded in 2004 and is based in South Bend, Indiana.

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