Calgary, Alberta-based Pure Technologies Ltd., which has operations in Ontario as well as a corporate office in Mississauga, is set to be acquired by Xylem Inc., a global leader in smart infrastructure assessment and management for the water industry.
The acquisition is valued at $397 million USD and builds on a previously announced commercial partnership in key emerging markets between the two companies. The investment will expand Xylem’s smart water portfolio, further advancing its strategy to be a leader in intelligent technology solutions for the water industry.
Pure Technologies provides diagnostic and analytics solutions and services based on proprietary technologies to address key water and wastewater infrastructure challenges. It is a leader in intelligent leak detection and condition assessment solutions for water distribution networks, a rapidly growing market driven by the increasing adoption of digital solutions to improve utilities’ capital and operating efficiency.