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Research Note
3 Feb 2023

Xylem Expands Water Market Reach via Evoqua 
Xylem's recent acquisition of Evoqua solidifies its pure-play water position, rounding out the company's industrial service offering. The US$7.5 billion acquisition represents Xylem’s largest to date and cements the company’s second-place ranking behind France-based Veolia (when measured by water revenues) among publicly traded water companies.

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