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Xylem Acquires U.K. Wastewater Services Company for $57 Million

Feb. 5 (Bloomberg) -- Xylem Inc., the ITT Corp. spinoff that specializes in water technologies, said today that it acquired Pims Group, a U.K. wastewater services company, in a $57 million deal.

Pims, based in Farnborough, helps design, install and maintain pumping systems, sewers, oil interceptors, drains and sewage-treatment plants, White Plains, New York-based Xylem said in a statement.

Link to Xylem statement: {NSN MHRBX03V2800 <GO>} Link to Company News:{XYL US <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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