Xylem Inc. (NYSE: XYL), a leading global water technology company focused on addressing the world’s most challenging water issues, announced that it has acquired MultiTrode Pty Ltd, a privately held Australia-based water and wastewater technology and services company, for approximately $26 million. With its advanced monitoring and control technologies, MultiTrode helps municipal and private water and wastewater authorities realize significant savings on operating costs – reducing energy consumption, call-outs, failures, and overflows. MultiTrode’s technology and services portfolio includes pump station controllers and supervisors, level-sensing devices, web-based monitoring services, Supervisory Control and Data Acquisition (SCADA) software, panels, and engineering and integration services. Based in Brisbane, MultiTrode Pty Ltd was founded in 1986 and has approximately 60 employees. With additional offices in the U.S. and the U.K., the company has extensive distribution channels throughout the world and recorded sales of approximately $13 million in fiscal 2012. Water authorities in more than 20 countries rely upon MultiTrode’s solutions to control and optimize some of the largest pump and lift stations in the world. EC Mergers & Acquisitions acted as exclusive financial advisor to Xylem on this transaction.
