Xylem Acquires Cornell Pump and Roper Pump, Expanding Industrial Reach
XYL is trading near its 52-week low of $105.29 (15% above the low).
Summary
Xylem is acquiring Cornell Pump and Roper Pump, two industrial pump manufacturers, for $1.46 billion from Indicor, strengthening its presence in high-growth sectors. The deal follows a strong Q2 where orders surged 42% and backlog hit $5.3B, signaling continued expansion appetite. The businesses are expected to generate greater than $260 million in revenue in 2026 with EBITDA margins in excess of 30%, and the acquisition is expected to be accretive to adjusted EPS in 2027. The move expands Xylem's position in critical industrial and municipal applications and aligns with its strategy to broaden its industrial portfolio. Integration of these businesses could provide cross-selling opportunities and enhance Xylem's competitive position in industrial markets.
At the time of this announcement, XYL was trading at $121.01 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $28.3B. The 52-week trading range was $105.29 to $154.27. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.