Xylem Completes Acquisition of Evoqua
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Wednesday, May 24, 2023
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Xylem Inc. (NYSE: XYL), a leading global water technology company (“Xylem” or “the Company”), today announced it has completed its acquisition of Evoqua Water Technologies Corp. (“Evoqua"), a leader in mission-critical water treatment solutions and services, in an all-stock transaction valued at approximately $7.5 billion.
Key Points:
- Xylem Inc. (NYSE: XYL), a leading global water technology company (“Xylem” or “the Company”), today announced it has completed its acquisition of Evoqua Water Technologies Corp. (“Evoqua"), a leader in mission-critical water treatment solutions and services, in an all-stock transaction valued at approximately $7.5 billion.
- Xylem has also appointed Lisa Glatch and Lynn C. Swann, former Evoqua directors, to serve as members of its Board of Directors.
- This results in Xylem shareholders owning approximately 75 percent and Evoqua shareholders owning approximately 25 percent of the combined company on a fully diluted basis.
- Goldman Sachs & Co. LLC and BofA Securities served as financial advisors and Jones Day served as legal advisor to Evoqua.