Xylem acquires two pump manufacturers for $1.46 billion
Strengthening industrial presence in high growth sectors
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Xylem Inc. announced that it has entered into an agreement to acquire the Cornell Pump and Roper Pump businesses from Indicor for $1.46 billion.
The acquisition expands Xylem's ability to serve a broader range of mission-critical industrial applications while advancing its strategy to increase exposure to high-growth sectors benefiting from infrastructure investment, industrial modernization and growing resource demands.
“The long-term demand drivers supporting our business continue to strengthen, creating new opportunities across industrial markets where water is increasingly critical to operational success,” said Matthew Pine, President and CEO of Xylem. “This acquisition expands our presence in key growth sectors and enhances our ability to help customers address evolving operational requirements. It also strengthens our portfolio in ways that support long-term value creation.”
Expanding Industrial Capabilities
The Cornell Pump and Roper Pump businesses broaden Xylem's participation in industrial and municipal applications where customer requirements extend beyond traditional pumping needs. This portfolio extension expands Xylem's ability to serve sectors where industrial modernization and increasing complexity are driving stronger requirements for reliability, operational continuity and process efficiency, making specialized technologies and application expertise increasingly critical.
The businesses add highly engineered pumping technologies designed to move fluids that are more difficult to handle, including applications involving slurry transport, solids handling and demanding suction-lift requirements. They also bring patented self-priming capabilities and specialized expertise developed in construction and mining, food and beverage, agriculture, energy, and municipal applications. The businesses will be reported in Xylem’s Water Infrastructure segment.
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