Xylem shocked the water industry Jan. 23 when it announced a $7.5 billion dollar, all-stock transaction to acquire Evoqua Water Technologies. The announcement is just the latest development in an on-going trend of mergers and acquisitions throughout the water industry.
Al Cho, chief strategy and external affairs officer at Xylem, and Snehal Desai, chief growth and sustainability officer at Evoqua, explain why this transaction occurred, how it will impact each of the businesses, and what industry professionals can expect moving forward.
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Timestamps
- Intro | 0:00
- Why did Xylem acquire Evoqua? | 0:58
- What was appealing about Evoqua? | 2:08
- How Evoqua will enhance Xylem’s business | 3:29
- Integrating goals from each business | 5:58
- Solving problems faster and easier | 9:03
- What industry professionals can expect | 10:03
- Outro | 11:31
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About the Author
Bob Crossen
Bob Crossen is the vice president of content strategy for the Water and Energy Groups of Endeavor Business Media, a division of EndeavorB2B. EB2B publishes WaterWorld, Wastewater Digest and Stormwater Solutions in its water portfolio and publishes Oil & Gas Journal, Offshore Magazine, T&D World, EnergyTech and Microgrid Knowledge in its energy portfolio. Crossen graduated from Illinois State University in Dec. 2011 with a Bachelor of Arts in German and a Bachelor of Arts in Journalism. He worked for Campbell Publications, a weekly newspaper company in rural Illinois outside St. Louis for four years as a reporter and regional editor.