Beverly, MA — February 4th, 2016
Xylem Inc. (NYSE: XYL), a leading global water technology company dedicated to solving the world's most challenging water issues, has acquired Tideland Signal Corporation, a privately owned company specializing in analytics solutions in the coastal and ocean management sectors. News of the acquisition was shared in the Company's 4th quarter earnings announcement.
Headquartered in Houston, Texas, with key locations in the Netherlands, the United Kingdom, and Singapore, Tideland is a leading producer of analytics solutions in the coastal and ocean management sectors, sold under the Tideland and IMT brands. With navigation and analytical products and services used by ports and harbours, marine authorities, offshore oil and gas and wind power installations, Tideland generated revenue of approximately $48 million in 2015.
"The Tideland acquisition demonstrates Xylem's commitment to acquire attractive businesses that complement our global portfolio, and enable us to provide solutions to the tough water challenges our customers face every day," said Colin Sabol, Xylem's Senior Vice President and President of Analytics and Treatment. "Tideland's products, services, and long-standing customer relationships will extend our reach within the ocean and coastal market, and provide us scale in the environmental monitoring systems business. We're proud to have the Tideland team join ocean and coastal experts from Xylem representing brands like HYPACK, SonTek, Aanderaa and YSI."
Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world's most challenging water and wastewater problems. Xylem is headquartered in Rye Brook, New York, with 2014 revenues of $3.9 billion and approximately 12,500 employees worldwide. Xylem was named to the Dow Jones Sustainability Index for the last four years for advancing sustainable business practices and solutions worldwide and the Company has satisfied the requirements to be a constituent of the FTSE4Good Index Series each year since 2013.
The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all – that which occurs in nature. For more information please visit us at www.xyleminc.com.