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Xylem Sells U.K. Oil Valves Unit to Focus of Water Technology

July 2 (Bloomberg) -- Xylem Inc., a New York-based water-technology specialist, sold its U.K. valves unit to the flow-control company Rotork Plc to focus more on its core products.

The $25 million divestiture of Xylem Flow Control Ltd., whose pneumatic and hydraulic valves are used mostly in the oil and gas industry, equals the sales of the business last year, Xylem said today in a statement. The purchase is “an excellent addition to our instruments division,” Rotork said.

Link to Company News:{ROR LN <Equity> CN <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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