Xylem of the United States Acquires Cornell Pump and Roper Pump for US$1.46 Billion

en.Wedoany.com Reported - On November 9, U.S. water technology company Xylem announced the completion of its acquisition of Cornell Pump and Roper Pump from industrial technology group Indicor for US$1.46 billion. The two businesses are expected to generate combined revenue of more than US$260 million in 2026, with EBITDA margins exceeding 30%, covering sectors including mining, construction, agriculture, food and beverage, energy, and municipal water treatment.

Cornell Pump primarily manufactures engineered centrifugal pumps and self-priming pumps, with products used in agricultural irrigation, municipal wastewater treatment, mining slurry transport, food processing, and industrial refrigeration. Its equipment is capable of handling fluids containing solid particles and is suited to operating conditions requiring high suction capability and continuous operation performance.

Roper Pump complements the product line with industrial fluid transfer and solid material handling equipment. The combined product portfolios of the two businesses address applications including slurry transport, solid particle handling, and high-suction pumping, covering industrial pumping needs beyond conventional water treatment equipment.

According to the transaction terms previously announced by Xylem, the US$1.46 billion purchase price corresponds to approximately 11.6 times projected 2026 EBITDA, a valuation that incorporates expected annual run-rate cost synergies of US$23 million and approximately US$170 million in expected tax benefits. Xylem expects the acquisition to be accretive to adjusted earnings per share in 2027.

Upon closing, Cornell Pump and Roper Pump will be temporarily placed within Xylem's Water Infrastructure segment, and will be realigned to the Fluid Solutions segment as of January 2027. This segment primarily provides pumping, transfer, and fluid application equipment serving municipal, industrial, commercial, and residential markets.

The transaction is part of Xylem's 2026 portfolio adjustment. Previously, the company completed the acquisition of water quality analysis company TriOS on July 1 and the acquisition of WaterFleet on September 2. The addition of Cornell Pump and Roper Pump further extends its industrial pumping products into application areas including mining, power, semiconductors, and food and beverage.