Xylem Announces Aacquisition of MJK for $12.3M
Xylem Inc. (NYSE: XYL) announced today that it has acquired MJK Automation A/S, a privately owned company headquartered in Naerum, Denmark for approximately $12.3 million (DKK 75 million). The actual terms of the transaction were not disclosed. With operations in Denmark, Norway, the Netherlands, the United States and Singapore, MJK is a leading manufacturer of flow and level sensors, and measurement and control technology for water and wastewater applications.
MJK generated revenue of approximately $10.7 million (DKK 65 million) for the fiscal year ended June 30, 2012.
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