Xylem to Acquire Cornell Pump and Roper Pump for $1.46 Billion
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Xylem Inc. (NYSE: XYL) has agreed to acquire Cornell Pump and Roper Pump from Indicor for $1.46 billion, expanding the water technology company's industrial pumping portfolio and increasing its exposure to sectors benefiting from infrastructure investment, industrial modernization and growing resource demands. The acquisition adds engineered pumping technologies designed for demanding fluid-handling applications, including slurry transport, solids handling and challenging suction-lift requirements. Cornell Pump and Roper Pump also bring patented self-priming capabilities and established positions across construction and mining, food and beverage, agriculture, energy and municipal markets. For Washington-based Xylem, the transaction represents a strategic expansion beyond traditional pumping applications into industrial environments where reliability, operational continuity and process efficiency are increasingly important. The acquired businesses will become part of Xylem's Water Infrastructure segment. "The long-term demand drivers supporting our business continue to strengthen, creating new opportunities across industrial markets where water is increasingly critical to operational success," Xylem President and CEO Matthew Pine said. "This acquisition expands our presence in key growth sectors and enhances our ability to help customers address evolving operational...
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