On 23 January 2023, Xylem announced the US$7.5 billion acquisition of Evoqua at a 29% stock price premium. The all-stock transaction is expected to close in mid-2023.
In this Research Note:
- Xylem solidifies pure-play water position, rounding out industrial service offering
Xylem to benefit from Evoqua’s water quality business
Evoqua acquisition adds another layer of complexity