What does Xylem’s acquisition of Evoqua signal for the market and utilities?

The recent announcement of Xylem’s agreement to acquire Evoqua was significant news for the municipal water/wastewater utility sector.

According to Xylem, the $7.5 billion deal will help the combined company achieve a global reach in a range of water-related markets. The company will be led by Xylem President and CEO Patrick Decker and is expected to have an annual revenue of more than $7 billion with more than 22,000 employees.

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