Xylem acquires Heartland Pump, strengthening company’s dewatering solutions portfolio in the United States

  Xylem acquires Heartland Pump, strengthening company’s dewatering solutions
  portfolio in the United States

Business Wire

WHITE PLAINS, N.Y. -- October 26, 2012

Xylem Inc. (NYSE: XYL), a leading global water technology company focused on
addressing the world’s most challenging water issues, announced today that it
has acquired privately held Heartland Pump Rental & Sales, Inc. for
approximately $29 million. The actual terms of the transaction were not
disclosed. Heartland Pump, headquartered in Carterville, Illinois, has been a
strong business partner with Godwin in dewatering pump rental, services and
systems design since 1995; Godwin is part of the Xylem portfolio.

“We’ve identified dewatering as a strategic growth market for us, building on
our existing capabilities in emergency water removal, bypass, drainage and
industrial applications,” said Gretchen McClain, President and Chief Executive
Officer of Xylem. “This acquisition supports our strategy by expanding our
footprint in an important region of the United States.”

Xylem's dewatering solutions business is a world leader in the design and
manufacture of automatic self-priming pumps and submersible electric pumps,
sold under the Godwin and Flygt brand names. The Xylem offering includes
pumps, accessories and services to meet customer needs during fast-paced
emergencies, rental or permanent installations.

“Heartland Pump has been a trusted channel partner of Godwin products and
services for more than 17 years,” said Grant Salstrom, Managing Director of
Xylem Dewatering Solutions. “We’re pleased to welcome them into the Xylem
family, working with them to strengthen our network to help our customers
solve their most challenging dewatering problems.”

Heartland Pump employs approximately 100 people, with branches in Evansville,
Indiana, Horn Lake, Mississippi, and Nashville, Tennessee.

About Xylem Inc.

Xylem (XYL) is a leading global water technology provider, enabling customers
to transport, treat, test and efficiently use water in public utility,
residential and commercial building services, industrial and agricultural
settings. The company does business in more than 150 countries through a
number of market-leading product brands, and its people bring broad
applications expertise with a strong focus on finding local solutions to the
world’s most challenging water and wastewater problems. Launched in 2011 from
the spinoff of the water-related businesses of ITT Corporation, Xylem is
headquartered in White Plains, N.Y., with 2011 revenues of $3.8 billion and
12,500 employees worldwide. In 2012, Xylem was named to the Dow Jones
Sustainability World Index for advancing sustainable business practices and
solutions worldwide.

The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of our
water-centric business by linking it with the best water transportation of all
-- that which occurs in nature. For more information, please visit us at

About Xylem’s Dewatering Business

Xylem is the world leader in the design and manufacture of automatic
self-priming pumps, hydraulic submersibles and related intelligent control
systems for dewatering applications, offering Godwin Dri-Prime^® and Flygt
electric submersible pumps. The company is committed to delivering pumping
solutions for fast-paced emergency situations, temporary rental or permanent
installations. Through Xylem, customers have access to a complete range of
products and solutions for moving water, wastewater and industrial fluids. For
more information on Flygt and Godwin products, please visit


Xylem Inc.
Tom Glover, +1-914-323-5891
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