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.
Additional Resources
- Subscribe to the Water & Wastes Digest Youtube Channel: https://www.youtube.com/channel/UCHr1xfvaq8Uy7en7e9l2XKA?sub_confirmation=1
- Read the press release: https://www.wwdmag.com/wastewater-treatment/press-release/21545946/xylem-to-acquire-evoqua-in-75b-transaction
- Watch our last video: https://www.wwdmag.com/editorial-topical/awards/video/21546175/wtp-modernization-retains-little-rock-history-wwd-weekly-digest
- View the WWD Weekly Digest playlist: https://youtube.com/playlist?list=PLt9dEooEKNn3YgbfScyaPJHrXg50-eAb8
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
Sign up for More Water & Wastes Digest Content
- Subscribe to Water & Wastes Digest: https://sgc.dragonforms.com/WWD_new&PK=SMNN2020
- Renew your WWD subscription: https://sgc.dragonforms.com/WWD_renew&PK=SMRE2020
- Sign up to our newsletter: https://www.wwdmag.com/manage-subscription?source=video2020
Connect with WWD on Social Media
- Facebook: fb.com/waterwastesdigest
- Twitter: http://www.twitter.com/wwdmag
- LinkedIn: linkedin.com/company/waterwastesdigest
About the Author
Bob Crossen
Bob Crossen is the editorial director for the Endeavor Business Media Water Group, which publishes WaterWorld, Wastewater Digest and Stormwater Solutions. 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.