Key Takeaways
- Xylem agreed to acquire Cornell Pump and Roper Pump from Indicor for $1.46 billion.
- The two businesses are expected to generate more than $260 million in revenue in 2026, with EBITDA margins above 30%.
- Xylem expects about $23 million in run-rate cost synergies and roughly $170 million in tax benefits.
- The deal is set to close in the fourth quarter of 2026, subject to regulatory approval.
- Cornell Pump and Roper Pump will join Xylem’s Water Infrastructure segment.
Xylem has agreed to buy Cornell Pump and Roper Pump from Indicor for $1.46 billion, adding engineered pumping technology to its industrial portfolio. The water technology company said the acquisition strengthens its position in construction, mining, agriculture, energy and municipal markets.
Xylem Buys Cornell Pump and Roper Pump From Indicor
The two pump makers build equipment for demanding jobs such as slurry transport and solids handling. Xylem expects the businesses to bring in more than $260 million in revenue during 2026, with EBITDA margins above 30 percent. The company also projects about $23 million in run-rate cost synergies and roughly $170 million in tax benefits from the deal.
“The long-term demand drivers supporting our business continue to strengthen, creating new opportunities across industrial markets where water is increasingly critical to operational success,” said Matthew Pine, President and Chief Executive Officer of Xylem.
The purchase is one of the larger moves in the water and industrial equipment sector this year. Cornell Pump and Roper Pump make rugged pumps built for tough settings, and adding them gives Xylem more products to sell into markets where reliability and the ability to move thick fluids or solids matter more than low price.
What the $1.46 Billion Deal Adds
The purchase widens the range of pumps Xylem can offer industrial and agricultural customers, particularly for applications involving thick fluids and solid material. The transaction is expected to close in the fourth quarter of 2026, pending regulatory approvals, and to add to adjusted earnings per share in 2027. The move continues a wave of consolidation as larger players buy specialized technology rather than build it in-house.
Xylem Strengthens Its Water Infrastructure Segment
Cornell Pump and Roper Pump will become part of Xylem’s Water Infrastructure segment, which supplies equipment for moving and treating water. Xylem framed the deal as a way to reach more industrial customers in high-growth sectors. The company did not disclose headcount or facility changes tied to the acquisition.
Xylem has been reshaping its portfolio toward higher-growth areas since its 2023 purchase of Evoqua, and management said the pump businesses fit that strategy. Buying established product lines rather than developing them internally also lets the company reach new industrial customers more quickly.
