In May 2023, Xylem Inc. completed a $7.5 billion stock-for-stock acquisition of Evoqua Water Technologies. The deal created the world’s largest pure-play water technology company, with $7.3 billion in pro forma revenue and over 22,000 employees worldwide. You now see two industry leaders combining portfolios to address water scarcity, quality, and climate resilience at scale.
What Did Evoqua Contribute to the Partnership?
Evoqua, founded in 2013 and formerly Siemens Water Technologies, built a strong reputation in mission-critical water treatment. The company employed 4,500 people and executed 31 acquisitions to expand across North America and Europe. Its portfolio included:
Wastewater treatment systems
High-purity water platforms
Filtration and disinfection systems
Full lifecycle services, rentals, and maintenance
You also find trusted brands under its umbrella: ADI Systems, Davco, JWI, and Wallace & Tiernan.
Which Markets Benefit Most?
Evoqua’s solutions served municipal utilities, industrial sectors like food, pharmaceuticals, and energy, and aquatic facilities such as pools and water parks. Its two-segment model—Integrated Solutions & Services and Applied Product Technologies—allowed direct engagement with end-users and distribution through third-party channels.
How Strong Was Evoqua’s Innovation Pipeline?
Evoqua raised $846 million over 16 financing rounds. The company held 2,613 patents, including technologies for PFAS removal, dialysis water transport systems, and electrolytic cation exchange modules. Recent acquisitions such as Frontier Water Systems and Mar Cor Purification expanded its reach into environmental services and medical-grade water systems.
What Strategic Advantages Did Xylem Gain?
Xylem, headquartered in Washington, DC, already led in smart water infrastructure. The merger delivered:
Deep technical expertise from Evoqua’s engineering teams
A broader customer base across municipal, industrial, and commercial markets
Enhanced innovation capacity through combined R&D resources
Legacy Evoqua shareholders now own about 25% of the combined company, while Xylem shareholders hold 75%.
How Does This Shape the Future of Water Management?
The combined entity now offers unmatched coverage across the water cycle—from treatment and reuse to conservation and return to nature. You can expect accelerated development of sustainable solutions, stronger responses to climate-driven water challenges, and expanded global market penetration.
Final Insight
Evoqua’s integration into Xylem marks a turning point in the water technology sector. The merger positions the company to lead in sustainability, innovation, and scalable solutions for decades ahead.
FAQs
What happened between Evoqua and Xylem in 2023?
Xylem acquired Evoqua Water Technologies in a $7.5 billion stock-for-stock transaction. The merger created the world’s largest pure-play water technology company.
Where is Evoqua headquartered?
Evoqua’s corporate office is located at 210 Sixth Avenue, Suite 3300, Pittsburgh, Pennsylvania, United States.
What industries does Evoqua serve?
Evoqua provides solutions for municipal water utilities, industrial sectors like food, pharmaceuticals, and energy, and recreational water systems such as pools and spas.
What are Evoqua’s core technologies?
Evoqua specializes in wastewater treatment systems, high-purity water platforms, filtration and disinfection systems, and full lifecycle services including rentals and maintenance.
Which brands are part of Evoqua’s portfolio?
Evoqua includes trusted brands such as ADI Systems, Davco, JWI, and Wallace & Tiernan. These are now integrated into Xylem’s global offerings.
How many patents does Evoqua hold?
Evoqua holds 2,613 patents. Key innovations include PFAS removal systems, dialysis water transport carts, and electrolytic cation exchange modules.
What was Evoqua’s funding history?
Evoqua raised $846 million across 16 financing rounds. The company was formerly PE-backed and operated as a private entity before the merger.
Who are Evoqua’s main competitors?
Evoqua’s competitors include Xylem (now merged), Freudenberg Filtration Technologies, Mueller Water Products, and Pentair.
What strategic value did Xylem gain from the merger?
Xylem gained deep technical expertise, expanded market access, and enhanced innovation capacity. The merger supports global water resilience and sustainability goals.
What is Evoqua’s legacy in water innovation?
Evoqua built a reputation for solving complex water challenges through advanced engineering, strategic acquisitions, and a strong patent portfolio.
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