Pure Technologies' largest acquisition to date was in 2010, when it acquired The Pressure Pipe Inspection for $27M. Xylem Announces Intent to Acquire Pure Technologies On January 31, 2018, Pure Technologies Ltd. ("Pure") completed a definitive arrangement agreement with Xylem Inc. ("Xylem"), whereby Xylem acquired all of the issued and outstanding shares of Pure for $9.00 per share in cash, representing a 102.7% premium to the closing share price on December 8, 2017. Pure Technologies offers physical infrastructure assessment and real-time remote monitoring services for oil and gas, power and water treatment sectors. NYSE-listed Xylem has announced the close of its $400mn purchase of Canadian leak detection specialist Pure Technologies - and the simultaneous acquisition of sewer and stormwater analytics start-up EmNet . Xylem Inc., a leading global water technology company, recently announced that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) for CAD $9.00 per share in cash, representing an enterprise value of CAD$509M, or USD$397M. On January 31, 2018, Pure Technologies Ltd. ("Pure") announced the closing of the plan of arrangement whereby Xylem Inc. indirectly acquired, through its wholly-owned subsidiary, all of the outstanding common shares for C$9 per share in cash (the "Cash Consideration") and options of Pure, for a total enterprise value of C$509 million. Xylem (NYSE:XYL) has agreed to buy all the issued and outstanding shares of Pure Technologies for C$9.00 per share in cash, representing an enterprise value of C$509M. The company's expertise and patented technology-driven. Xylem has announced that it has entered into a definitive agreement to acquire Pure Technologies Ltd. Pure Technologies Ltd. has entered into a definitive arrangement agreement with Xylem Inc. whereby Xylem will acquire all of the issued and outstanding shares of Pure for CAD $9.00 per share in cash, representing an enterprise value for Pure of CAD $509 million. The deal adds to Xylem's smart water portfolio with diagnostics and analysis solutions that it said will "strongly complement" the existing offer, including products and services . Xylem's global brands have served the water market for many decades with products sold in over 150 countries. Earlier this week, Pure Technologies Ltd. and Xylem announced that they have entered into a commercial collaboration whereby Xylem will represent Pure's products and services to the water sector in the Gulf Cooperation Council countries (UAE, KSA, Qatar, Bahrain, Kuwait and Oman), and in India, Singapore and Malaysia. Motor Controls Inc., a world leader in the design, development, and manufacture of industrial control solutions, municipal pump stations, and other industrial products. Xylem is acquiring Pure Technologies, a leader in smart infrastructure assessment and management for the water industry. The company's four distinct business streams include sales and monitoring technology for pipelines, bridges and structures, recurring revenue from data analysis, maintenance and licensing, technical services and engineering services. The acquisition of our company by Xylem will be of substantial benefit to Pure, its clients and employees." Headquartered in Calgary, Alberta, Pure has approximately 500 employees globally. Pure's Board of Directors has unanimously approved the transaction and recommends that Pure shareholders vote in favor of the transaction. The Company's most targeted sectors include business services (34%) and construction (34%).. Join Mergr and gain access to Pure Technologies' M&A summary . Menu icon A vertical stack of three evenly . Xylem also confirmed the completion of its previously-announced acquisition of Pure Technologies, said to be a leader in smart infrastructure assessment and management. Pure Technologies Ltd., announced through its wholly-owned subsidiary, Pure Holding Inc., that it has entered into a definitive agreement to acquire the business of Wachs Valve and Hydrant Services, LLC, a privately-held company operating as Wachs Water Services. The Purchase Price represents a 102.7% premium to the closing price of Pure's common shares on the Toronto Stock Exchange on December . Pure Technologies was founded on 1998 and is based in Calgary, Alberta, Canada. The creation of a new Advanced Infrastructure Analytics platform follows the recent acquisitions of Pure Technologies, EmNet, and Valor. Xylem CEO Patrick Decker explains his vision to GWI. Xylem Inc has entered into a definitive agreement to acquire Canadian asset management, technology and services company Pure Technologies Ltd in a US$397 million deal. The acquisition of Anadolu Flygt is the latest in a number of acquisitions by Xylem in the Advanced Infrastructure Analytics (AIA) space in recent months, including EmNet and Pure Technologies. In the third quarter Pure Technologies saw its revenue rise 9% to $30.9 . Decker added, "Pure's solutions are highly complementary to the broader Xylem portfolio. Xylem Inc. (NYSE: XYL), a leading global water technology company, announced Dec. 11 that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) (TSX: PUR) for CAD$509 million, or USD$397 million. The Purchase Price represents a 102.7 per cent premium to the closing price of Pure's […] The acquisition of our company by Xylem will be of substantial benefit to Pure, its clients and employees." Headquartered in Calgary, Alberta, Pure has approximately 500 employees globally. Pure Technologies Pure Technologies provides information and communications technology for infrastructure management. Mon, 12/11/2017 - 15:56. Xylem moved the needle in the water technology sector in 2017 as it continued its acquisition spree to become an outright leader in the rapidly growing market for smart water solutions. Le 31 janvier 2018, Pure Technologies Ltd. (« Pure ») a annoncé la clôture du plan d'arrangement en vertu duquel Xylem Inc. a fait l'acquisition indirecte, par l'intermédiaire de sa filiale à 100 %, Dear Xylem Shareholders, 2016 was a transformative year for Xylem as we delivered strong financial results, grew our business and made significant progress on each of our strategic priorities. Under the definite agreement, all the issued and outstanding shares of Pure Technologies will be acquired by Xylem for C$9.00 per share. The acquisition at such a high premium illustrates a great deal of confidence on the part of Xylem in Pure Technologies. Pure Technologies has acquired 3 companies of its own.. Pure Technologies is a world leader in the development and . With its October 2016 acquisition of Sensus, Xylem added smart metering, network technologies and advanced data analytics for water, gas and electric utilities to its portfolio of solutions. Xylem Inc. (NYSE: XYL), a leading global water technology company, announced Dec. 11 that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) (TSX: PUR) for CAD$509 million, or USD$397 million. Xylem's largest acquisition to date was in 2016, when it acquired Sensus Metering Systems for $1.7B. The Pressure Pipe Inspection Company (PPIC) is a supplier of large-diameter water and wastewater pipeline condition assessment and leak-detection services in Mississauga, Ontario.It specializes in identifying damaged pipeline sections to protect infrastructure investment, locate leaks, reduce risk and ensure environmental compliance. Pure's Board of Directors has unanimously . "Pure provides unique . Patrick Decker - President, CEO & Director . Pure's Board of Directors unanimously approved the transaction and recommends that Pure shareholders vote in favor of the transaction. The combined Company's nearly 16,000 employees bring broad applications expertise with a strong focus on identifying comprehensive, sustainable solutions. It has corporate offices in Mississauga, Ontario, and Columbia, MD, as well as regional offices across the U.S., Mexico, Colombia, Australia and China. The acquisition of Anadolu Flygt is the latest in a number of acquisitions by Xylem in the Advanced Infrastructure Analytics (AIA) space in recent months, including EmNet and Pure Technologies. Xylem Inc. (NYSE: XYL), a leading global water technology company, today announced that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) (TSX: PUR) for CAD $9.00 per share in cash, representing an enterprise value of CAD$509 million, or USD$397 million. Xylem Inc. has entered into a definitive agreement to acquire Calgary-based Pure Technologies Ltd. for $509 million. The acquisition of our company by Xylem will be of substantial benefit to Pure, its clients, its shareholders and employees." "The addition of Pure will strengthen Xylem's position as a leading provider of intelligent solutions that address the water industry's most persistent problems," said Patrick Decker, Xylem President and Chief Executive . Pure Technologies is now part of Xylem. Xylem's new analytics platform set to target utility capex reductions. Investing in Smart Water Technology with Xylem. HYPACK is a leading provider of hydrographic survey data acquisition, processing, and visualization software for ocean, coastal and surface water applications. Acquiring Organization: Xylem Xylem is a large global water technology provider, enabling customers to transport, treat, test, and efficiently use water. Pure's Board . Xylem will finance the transaction with cash and low interest, short-term debt. Global water technology company Xylem announced that it has entered an agreement to acquire all the issued and outstanding shares of Pure Technologies, representing an enterprise value of $397m. Xylem Inc has entered into a definitive agreement to acquire Canadian asset management, technology and services company Pure Technologies Ltd in a US$397 million deal. Xylem is to buy Pure Technologies, building on a commercial partnership whereby it represents Pure in parts of the Middle East, India, and Southeast Asia. Xylem to acquire Pure Technologies for $397m. Acquisitions bolster smart water platform at Xylem NYSE-listed Xylem today announced the close of its $400 million purchase of Canadian leak detection specialist Pure Technologies - and the simultaneous acquisition of sewer and stormwater analytics start-up EmNet. On August 13, 2010, Pure Technologies Ltd. ("Pure") (TSX:PUR) announced that it had concluded the purchase of The Pressure Pipe Inspection Company ("PPIC") for up to CAD$34.9 million in cash and common stock of Pure. Announced Date Dec 11, 2017 Acquisition Type Acquisition Price $397M Pure Technologies is a world leader in the development and application of innovative technologies for critical infrastructure. Pure Technologies to Acquire Wachs Water Services. Xylem touts the deal as an extension of its strategy to become a leading smart infrastructure provider, building on its acquisitions of Visenti and Sensus in 2016. SmartBall - Oil and Gas Pipeline Leak Detection Inspection Tool by Pure Technologies - a Xylem brand. Xylem Inc. (NYSE: XYL), a leading global water technology company, announced that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) (TSX: PUR) for CAD $9.00 per share in cash, representing an enterprise value of CAD$509 million, or USD$397 million. Pure Technologies Ltd. has announced that it has entered into a definitive arrangement agreement with Xylem Inc. whereby Xylem will acquire all of the issued and outstanding shares of Pure, representing an enterprise value for Pure of CAD $509 million. Pure Technologies Ltd. and Xylem announced recently that they have entered into a commercial collaboration whereby Xylem will represent Pure's products and services to the water sector in the Gulf Cooperation Council countries (UAE, KSA, Qatar, Bahrain, Kuwait and Oman), and in India, Singapore and Malaysia. Xylem, Inc. (NYSE:XYL) Acquires Pure Technologies Ltd Conference Call December 11, 2017 9:00 AM ETExecutives. The Purchase Price represents a 102.7% premium to the closing price of Pure's common shares on the Toronto Stock Exchange on December . News NEWS News. With its October 2016 acquisition of Sensus, Xylem added smart metering, network technologies and advanced data analytics for water, gas and electric utilities to its portfolio of solutions. Xylem Inc., a leading global water technology company, has announced that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. for CAD $9.00 per share in cash, representing an enterprise value of CAD$509 million, or $397mn. Xylem Inc. (NYSE: XYL), a leading global water technology company dedicated to solving the world's most challenging water issues, today . It has. . The purchase of pipeline diagnostics specialist Pure Technologies rounded out its suite of solutions for non-revenue water, while it delved into the . Developer of inspection, monitoring and management technology for infrastructure. RYE BROOK, N.Y - August 15, 2016. MCI announced in Dallas on November, 1, 2017 that the company has acquired the Water Equipment Technologies (WET) brand from Xylem. Technology. On 11 December 2017, water technology and solutions firm Xylem Inc. announced an agreement to acquire Canadian pipe diagnostics and analytics firm Pure Technologies. Pure Technologies' diagnostic and analytics solutions and services address key water and wastewater infrastructure challenges, including non-revenue water and asset management. The WET brand is a global leader in . Xylem has announced that it will acquire Pure Technologies for CAD$509 million, or USD$397 million. On January 31, 2018, Xylem Inc., a leading global water technology company, completed the acquisition of Pure Technologies Ltd. for $9.00 per share in cash, representing an enterprise value of $509 million. Xylem to Acquire Pure Technologies. Pure's Board of Directors has unanimously . CALGARY, Feb. 1, 2018 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) is pleased to announce the closing of the plan of arrangement involving Pure, Xylem Inc. (the "Purchaser"), and the holders of common shares and options of Pure . acquisitions, global water technology company, MEP, middle east, NEWS, Patrick Decker, Pure Technologies, Sensus, uae, Visenti, Xylem. The company provides unique diagnostic and analytics technologies and services that address key water and wastewater infrastructure challenges. The acquisition of Anadolu Flygt is the latest in a number of acquisitions by Xylem in the Advanced Infrastructure Analytics (AIA) space in recent months, including EmNet and Pure Technologies, both leaders in smart infrastructure assessment and management, underlining Xylem's digital portfolio and its commitment to supporting the region's . Pure Technologies Ltd. has entered into a definitive arrangement agreement with Xylem Inc. whereby Xylem will acquire all of the issued and outstanding shares of Pure for CAD $9.00 per share in cash, representing an enterprise value for Pure of CAD $509 million. A total of 3 acquisitions came from private equity firms. Xylem Inc. announced that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. for CAD $9.00 per share in cash, representing an enterprise value of CAD$509 million, or USD$397 million. acquisitions, global water technology company, MEP, middle east, NEWS, Patrick Decker, Pure Technologies, Sensus, uae, Visenti, Xylem. Pure Technologies General Information Description. Pure shareholders to receive CAD $9.00 per share in cash, representing a 102.7% premium to the closing share price on December 8, 2017Transaction . In January 2018, Pure was acquired by Xylem, a leading global water technology company committed to developing innovative technology solutions to the world's water challenges. Fourth quarter 2017 reported net income was $71 million or $0.40 per share; Adjusted net income for the quarter was $137 million or $0.76 per . According to a statement from Xylem, its CAD $9.00 per share cash offer values the acquisition, which is subject to regulatory approvals . It has also divested 2 assets. Xylem to acquire Pure Technologies Xylem Inc. announced today that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) (TSX: PUR) for $9.00 (CAD) per share in cash, representing an enterprise value of $509 million (CAD), or $397 million (USD). Xylem Acquisitions Xylem has acquired 9 companies and its latest acquisition was Anadolu Flygt Pompa Paz.ve Tic. We deployed nearly $2 billion last year for acquisitions that collectively are reshaping the growth and profitability profile of Xylem. The transaction, initially announced on December 11, 2017, was effected by way of a plan of arrangement under the Business Corporations Act (Alberta). Xylem Inc., entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. representing an enterprise value of $397 million. U.S. water infrastructure firm Xylem to buy Calgary's Pure Technologies for $509M The deal values the Canadian company at $9 per share, a nearly 103 per cent premium on its closing price last week Machinery Company Xylem has acquired 15 companies, including 3 in the last 5 years. We recently marveled at the rapid growth of an Internet of Things (IoT) startup called Samsara that went from $0 to $6.3 billion in valuation in just four years, quickly dominating sectors like fleet management and industrial automation. Acquisition by Pure Technologies. . Global water technology company Xylem has agreed to purchase Canada-based Pure Technologies for $397m in cash. Xylem to acquire Pure Technologies Dec. 11, 2017 Acquisition valued at USD$397 million. CALGARY, Jan. 3, 2018 /CNW/ - Pure Technologies Ltd. ('Pure' or the 'Company') (TSX: PUR) is pleased to announce that it has mailed a management i. The SmartBall inspection tool is an innovative verification of containment technology for oil, gas and petroleum products pipelines. Xylem to Acquire Pure Technologies. Inc. on Oct 2021. . It has corporate offices in Mississauga, Ontario, and Columbia, MD, as well as regional offices across the U.S., Mexico, Colombia, Australia and China. Mark . Image: Pure Technologies Inc. Rye Brook, New York-headquartered Xylem Inc. will acquire Calgary-based water and oil and gas pipeline monitoring specialist Pure Technologies Ltd. in a $509 million deal announced Monday. Company completes acquisition of Pure Technologies. solutions are used to aid utility operators decrease the impact of deterioration while maximizing capital budgets for rehabilitation and replacement programs. Read more about Xylem pursues smart water expansion with Pure Technologies acquisition; Pure Technologies and Xylem collaborate in emerging markets. Xylem to Acquire Pure Technologies. RYE BROOK, N.Y.--(BUSINESS WIRE)--Xylem Inc. (NYSE: XYL), a leading global water technology company, today announced that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) (TSX: PUR) for CAD $9.00 per share in cash, representing an enterprise value of CAD$509 million, or USD$397 million. Xylem will acquire all the issued and outstanding shares of Pure Technologies for CAD $9.00 per share in cash. Xylem pursues smart water expansion with Pure Technologies acquisition. Pure Technologies has acquired in 1 US state, and 3 countries. Pure is a leader in intelligent leak detection and condition assessment solutions, a growing market driven by the increasing . On January 31, 2018, Pure Technologies Ltd. ("Pure") completed a definitive arrangement agreement with Xylem Inc. ("Xylem"), whereby Xylem acquired all of the issued and outstanding shares of Pure for $9.00 per share in cash, representing a 102.7% premium to the closing share price on December 8, 2017. Pure Technologies to be acquired by Xylem News provided by Pure Technologies Ltd. Dec 11, 2017, 06:55 ET Pure shareholders to receive CAD $9.00 per share in cash, representing a 102.7% premium to. Xylem to acquire Pure Technologies for $397m. The acquisition of our company by Xylem will be of substantial benefit to Pure, its clients and employees." Headquartered in Calgary, Alberta, Pure has approximately 500 employees globally. Xylem Inc. to acquire Sensus, a global leader in smart meters, network technologies and advanced data analytics solutions for the water industry, for $1.7 billion in cash. Its nearly 100-strong workforce have been integrated under Xylem. Matthew Latino - Director, IR. Of course, we live in a fantasy startup world where herds of . Xylem Inc has closed its acquisition of Pure Technologies, the Canadian smart infrastructure assessment and management company. The acquisition of our Company by Xylem will be of substantial benefit to Pure, its clients, its shareholders and employees." "The addition of Pure will strengthen Xylem's position as a leading provider of intelligent solutions that address the water industry's most persistent problems," said Patrick Decker , Xylem President and Chief Executive . Global water technology company Xylem announced that it has entered an agreement to acquire all the issued and outstanding shares of Pure Technologies, representing an enterprise value of $397m. Xylem to boost smart water platform with new acquisition . Pure provides diagnostic and analytics solutions and services based on proprietary technologies to address key water and wastewater infrastructure challenges. This business brings a unique set of proprietary technologies as well as data . Xylem to acquire Pure Technologies Xylem Inc. announced it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. for CAD $9.00 per share in cash, representing an enterprise value of CAD$509 million, or USD$397 million. RYE BROOK, N.Y .--. On January 31, 2018, Pure Technologies Ltd. ("Pure") announced the closing of the plan of arrangement whereby Xylem Inc. indirectly acquired, through its wholly-owned subsidiary, all of the outstanding common shares for C$9 per share in cash (the "Cash Consideration") and options of Pure, for a total enterprise value of C$509 million. • Xylem announces definitive agreement to acquire Pure Technologies, Ltd. (Pure) for ~US$397M • Pure provides a leadership position in smart infrastructure diagnostics and analytics • Enhances our offering to address challenges such as aging infrastructure and non-revenue water with intelligent technologies Xylem has announced that it has entered into an agreement for the purchase of all shares of Canadian smart leak detection company Pure Technologies Ltd, expanding its presence in smart technologies following its previous acquisitions of Visenti and Sensus. Xylem to expand its intelligent water services portfolio with its planned acquisition of infrastructure inspection and monitoring company, Pure Technologies Ltd. On December 11, 2017, Pure announced that it has entered into a definitive arrangement agreement with Xylem Inc. whereby Xylem will acquire all of the issued and outstanding shares of . The . 11 Dec 2017 Xylem is acquiring Pure Technologies, a leader in smart infrastructure assessment and management for the water industry. 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