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Stock impact report

Xylem Acquires Majority Stake in Idrica to Empower Water Utilities With Intelligent Solutions [Yahoo! Finance]

Xylem Inc. New (XYL) 
Last xylem inc. new earnings: 2/6 06:50 am Check Earnings Report
US:NYSE Investor Relations: xylem.com/en-us/investors
Company Research Source: Yahoo! Finance
WASHINGTON, D.C., December 10, 2024 BUSINESS WIRE )--Global water solutions company Xylem (NYSE: XYL) today announced that it has acquired a majority stake in Idrica, a leader in water data management and analytics, to empower water utilities with intelligent solutions for their most critical challenges. Xylem Vue, which combines Xylem's existing digital water solutions portfolio with Idrica's technology platform, empowers customers to address critical challenges such as water scarcity and aging infrastructure with real-time insights. Today's move will enable the two companies to further integrate their solutions and create a simpler, more powerful customer experience. "Deepening our partnership with Idrica is a critical piece of our strategy to deliver intelligent solutions to our customers," said Matthew Pine, CEO of Xylem. "Together, we can help them see deeper into their networks and use insights to solve long-standing problems like water loss more effectively and affordably Show less Read more
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