Bloomberg News

Xylem Buys Australia’s MultiTrode for About $26 Million

March 01, 2013

Xylem Inc. (XYL:US), the water company spun off by ITT Corp., acquired closely held MultiTrode Pty Ltd. of Australia for about $26 million to expand monitoring and control services.

MultiTrode helps water and wastewater companies cut operating costs by reducing energy consumption, failures and overflows, White Plains, New York-based Xylem said in a statement today.

MultiTrode, founded in 1986, has about 60 employees and offices in Australia, the U.S. and U.K., Xylem said.

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net


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Companies Mentioned

  • XYL
    (Xylem Inc/NY)
    • $37.59 USD
    • -0.18
    • -0.48%
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