Xylem announces acquisition of PIMS Group of the U.K. to enhance service
capabilities in water and wastewater markets
WHITE PLAINS, N.Y. -- February 5, 2013
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 PIMS Group, a privately held United Kingdom-based wastewater
services company, for approximately $57 million. The actual terms of the
transaction were not disclosed. PIMS generated revenue of approximately $38
million for the fiscal year ended April 30, 2012.
PIMS Group, based in Farnborough, is a national supplier of wastewater
installation and maintenance services for the municipal, industrial and
private sector markets. PIMS provides a 24/7 service capability from design
and installation to service and maintenance of pumping systems, sewers and
drains, oil interceptors and sewage treatment plants.
“The core of Xylem’s growth strategy is to leverage our large installed base
to deliver advanced solutions and services that create peace of mind for our
customers and help ensure that their operations are running optimally,” said
Gretchen McClain, Xylem's president and chief executive officer. “In bringing
PIMS Group into the Xylem family, we are accelerating this strategy by adding
an industry-leading and differentiated service capability built on PIMS’
world-class talent, tools and processes.”
PIMS Group was founded in 1972 and has approximately 220 employees located
throughout the U.K. The acquisition builds on a successful partnership between
the two companies established in 2000 when Xylem (then the water-related
business group within ITT Corporation) named PIMS Group a certified
Contracting Partner of its Flygt submersible pumps.
In 2012, Xylem introduced Xylem TotalCare, a comprehensive, integrated
portfolio of services – from design and consultancy to energy audits to
supervisory services to maintenance contracts – to ensure that customers’
operations run at their best.
“The expertise and knowledge resident in PIMS Group will enable us to create a
stronger platform for delivering Xylem TotalCare to customers in the U.K. and
around the world,” added McClain.
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. Xylem is headquartered
in White Plains, N.Y., with 2011 revenues of $3.8 billion and 12,500 employees
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
Jennifer Jacob, 914-323-5745
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