Xylem Closes Evoqua Water Buyout, Boosting Position In Water Treatment Solutions

  • Xylem Inc XYL disclosed the acquisition closure of Evoqua Water Technologies Corp AQUA in an all-stock transaction for around $7.5 billion.  
  • The deal boosts Xylem's leadership in water technologies solutions and services business and creates a highly advanced global platform for addressing critical water challenges.
  • As per the terms, Evoqua shareholders will receive 0.48 shares of Xylem for each Evoqua share, representing a value of $52.89 per share or a 29% premium based on Xylem and Evoqua closing prices as of January 20, 2023
  • After closure, Xylem shareholders will own around 75% of the combined company, while Evoqua will own the rest.
  • "Our combination with Evoqua creates a transformative global platform to solve these critical water challenges at an even greater scale. Together, we are uniquely positioned to help meet customers' mission-critical needs with an unmatched portfolio of products and services across the water cycle," said Patrick Decker, President and CEO.
  • Earlier this month, XYL reported Q1 2023 revenues of $1.45 billion, beating the consensus of $1.34 billion, and adjusted EPS of $0.72 exceeded the consensus of $0.62.
  • Price Action: XYL shares are trading lower by 2.05% at $102.01 on the last check Wednesday.
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