---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-012563"
form_type: "8-K"
ticker: "XYL"
cik: "0001524472"
company_name: "Xylem Inc."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:44:19.893872+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Xylem to acquire Evoqua in $7.5B all-stock deal; 0.48 exchange ratio, ~29% premium

## Summary
- Enterprise value ~$7.5B; Evoqua shareholders receive 0.48 Xylem shares per share, valued at ~$52.89, a 29% premium.
- Combined revenue over $7B in trailing 12 months; expected run-rate cost synergies of $140M within three years.
- Evoqua shareholders will own ~25% of combined company; Xylem shareholders ~75%.
- Transaction expected to close mid-2023, subject to shareholder and regulatory approvals and customary conditions.
- President and CEO Patrick Decker to lead combined company; two Evoqua board members to join Xylem board.

## SEC filing metadata
- accession: 0001193125-23-012563
- form_type: 8-K
- ticker: XYL
- cik: 0001524472
- company_name: Xylem Inc.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524472/000119312523012563/0001193125-23-012563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524472/000119312523012563/d441004d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-012563
- JSON: https://secwatch.observer/filing/0001193125-23-012563.json
- Plain text: https://secwatch.observer/filing/0001193125-23-012563.txt

## Key facts
- Material Agreements
  Xylem Inc. entered into Agreement and Plan of Merger with Evoqua Water Technologies Corp. (effective 2023-01-22).
  - Action: entry
  - Agreement: merger
  - Counterparty: Evoqua Water Technologies Corp.
  - Effective: 2023-01-22
  source text: On January 22, 2023, Xylem Inc. (“Xylem”) and Fore Merger Sub, Inc., a wholly owned subsidiary of Xylem (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Evoqua Water Technologies Corp. (“Evoqua”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1524472/000119312523012563/0001193125-23-012563-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.