Xylem to buy Cornell Pump, Roper Pump from Indicor for $1.46 billion
Reuters2026/08/11 12:30- Xylem agreed to buy Cornell Pump and Roper Pump from Indicor for USD 1.46 billion.
- Deal targets engineered pumping for tougher fluids, broadening Xylem’s industrial and municipal reach; assets to sit in the Water Infrastructure segment.
- Purchase price implies about 11.6x projected 2026 EBITDA, including USD 23 million of run-rate cost synergies and USD 170 million of expected tax benefits.
- Businesses forecast to generate more than USD 260 million of 2026 revenue; EBITDA margins expected above 30%.
- Closing targeted for Q4 2026; expected to add to adjusted EPS in 2027.
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