On 24 January 2023, US-based Xylem Inc. and Evoqua announced an agreement in which Xylem will acquire Evoqua in an all-stock transaction for an enterprise value of approximately US$7.5 billion. The combination unlocks potential growth opportunities for Xylem in industrial markets and in water quality, both of which are stronger markets for Evoqua.
Pure-play water deals of this size in the water sector are infrequent, at best. Bluefield’s water experts break down the terms of the deal and analyze the benefits for Xylem, possible market signals, and integration challenges for employees and customers.
Bluefield’s Reese Tisdale, Keith Hays, and Ethan Edwards walk through the details, including competitive impacts and reasons for the deal.
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