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Xylem announces acquisition of MultiTrode Pty Ltd to enhance global water and wastewater monitoring and control offering

  Xylem announces acquisition of MultiTrode Pty Ltd to enhance global water
  and wastewater monitoring and control offering

Business Wire

WHITE PLAINS, N.Y. -- March 1, 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 MultiTrode Pty Ltd, a privately held Australia-based water and
wastewater technology and services company, for approximately $26 million. The
actual terms of the transaction were not disclosed.

With its advanced monitoring and control technologies, MultiTrode helps
municipal and private water and wastewater authorities realize significant
savings on operating costs – reducing energy consumption, call-outs, failures,
and overflows. MultiTrode’s technology and services portfolio includes pump
station controllers and supervisors, level-sensing devices, web-based
monitoring services, Supervisory Control and Data Acquisition (SCADA)
software, panels, and engineering and integration services.

“As a standalone water company, an essential part of Xylem’s growth strategy
is to acquire companies that complement our own technology and geographic
presence to better meet the evolving needs of our customers,” said Gretchen
McClain, Xylem's president and chief executive officer. “MultiTrode’s
state-of-the-art and scalable platform builds on Xylem’s robust monitoring and
control capability and will enable us to commercialize future products for the
water and wastewater markets more quickly. By combining the insights gained
through Xylem’s industry-leading installed base with MultiTrode’s technology,
we will further position Xylem as a trusted source to solve our customers’
dynamic challenges through the efficient delivery of advanced monitoring and
control capabilities.”

Based in Brisbane, MultiTrode Pty Ltd was founded in 1986 and has
approximately 60 employees. With additional offices in the U.S. and the U.K.,
the company has extensive distribution channels throughout the world and
recorded sales of approximately $13 million in fiscal 2012. Water authorities
in more than 20 countries rely upon MultiTrode's solutions to control and
optimize some of the largest pump and lift stations in the world.

About Xylem

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 2012 revenues of $3.8 billion and approximately
12,700 employees 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
www.xyleminc.com

Contact:

Xylem Inc.
Jennifer Jacob, 914-323-5745
Jennifer.Jacob@xyleminc.com
 
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