Who Owns Evoqua?
Evoqua is owned by Xylem Inc. (NYSE: XYL), a publicly traded water technology company headquartered in Washington, DC. Evoqua Water Technologies was formed in 2014 from the former Siemens Water business, went public in 2017, and was acquired by Xylem in May 2023 in an approximately $7.5 billion all-stock transaction. The brand continues in Xylem's Water Solutions and Services segment.
Evoqua Timeline
GlobalOfficial Website
Who Owns Evoqua?
- Parent Company: Xylem Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: New York Stock Exchange: XYL
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Evoqua | Xylem Inc. | Wholly owned |
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History of Evoqua
- Founded: 2014
- Founders: AEA Investors (from Siemens Water Technologies)
The business descends from USFilter, a roll-up of legacy water treatment companies that Siemens acquired in 2004 and operated as Siemens Water Technologies. When Siemens exited the water business, AEA Investors carved it out in 2014 and named the new company Evoqua Water Technologies, headquartered in Pittsburgh.
Evoqua went public in November 2017 under ticker AQUA. The company built a services-heavy model around outsourced water systems, mobile treatment units, service deionization, and aftermarket support for a large installed equipment base.
Xylem announced the acquisition in January 2023 and closed it in May 2023, the largest deal in either company's history. Integration has since folded Evoqua's sales and service force into Xylem's combined water solutions offering, with the Evoqua name continuing on treatment products and services.
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About Xylem Inc.
Is Xylem publicly traded?
Yes. It trades on the NYSE under ticker XYL and is in the S&P 500.
What does the name Xylem mean?
Xylem is the plant tissue that transports water from roots to leaves, chosen to signal the company's focus on moving water.
Who is the CEO of Xylem?
Matthew Pine, who became president and CEO in January 2024.
Did Xylem buy Evoqua?
Yes. The approximately $7.5 billion all-stock acquisition closed in May 2023, creating the world's largest pure-play water technology company.
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Where is Xylem headquartered?
Washington, DC, at 301 Water Street SE.
What companies did Xylem spin off from?
ITT Corporation, in a 2011 three-way split.
- Founded: 2011
- Headquarters: Washington, District of Columbia, USA
- Company Type: Publicly Traded
- Stock: New York Stock Exchange: XYL
- Revenue: $9.0 billion (FY2025)
- Employees: Approximately 22,000
Where Is Evoqua Made / Based?
- Headquarters: Pittsburgh, Pennsylvania, USA
Evoqua Categories & Tags
Brands Owned by Xylem Inc.
Conglomerates IndustrialBell & Gossett
Owned by Xylem Inc.
American hydronic heating and plumbing brand founded in 1916 in Chicago, now a Xylem brand serving commercial building HVAC and plumbing markets.
pumpshydronicshvac
Conglomerates IndustrialFlygt
Owned by Xylem Inc.
Swedish pump brand that invented the submersible sewage pump, manufactured by Xylem in Emmaboda, Sweden, and used in wastewater systems worldwide.
pumpswastewatersubmersible
Conglomerates IndustrialGodwin
Owned by Xylem Inc.
British-origin dewatering pump brand known for the Dri-Prime self-priming pump, a Xylem product brand for construction, mining, and emergency pumping.
pumpsdewateringconstruction
Conglomerates IndustrialGoulds Water Technology
Owned by Xylem Inc.
American pump brand founded in 1848 in Seneca Falls, New York, now Xylem's flagship line for residential, agricultural, and commercial water systems.
pumpswater-systemsresidential
Conglomerates IndustrialLowara
Owned by Xylem Inc.
Italian stainless steel pump brand founded in 1968 near Vicenza, now part of Xylem's Applied Water segment for building services and clean water applications.
pumpsstainless-steelboosting
Conglomerates IndustrialSensus
Owned by Xylem Inc.
Smart metering and utility communications brand with roots to 1870, acquired by Xylem in 2016 and headquartered in Morrisville, North Carolina.
smart-metersmeteringutilities
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Evoqua Ownership: Pros & Cons
Advantages
- +Largest outsourced water services platform in North America
- +Recurring service revenue smooths cyclical equipment demand
- +Cross-selling inside Xylem's full water cycle portfolio
Considerations
- -Integration risk remains as salesforces and systems combine
- -Service businesses carry lower gross margins than premium equipment
- -Industrial customer demand tracks manufacturing cycles
Frequently Asked Questions About Evoqua
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Sources & Further Reading
Competitors to Evoqua
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Dupont | USA | 1977 | Premium | Global | All Genders | |
| Ecolab | USA (parent) | 1928 | Market leader | Global | All-ages |
Learn More About Competitors
Conglomerates IndustrialFilmTec
Owned by DuPont
DuPont's reverse osmosis and nanofiltration membrane brand, founded in 1977 and now the anchor of DuPont Water Solutions for desalination and industrial water treatment.
water-treatmentreverse-osmosismembranes
Energy UtilitiesNalco Water
Owned by Ecolab Inc.
Industrial water treatment brand of Ecolab Inc., providing water and process management solutions for manufacturing, power generation, and data center customers.
water-treatmentindustrial-waterecolab
Competitive Analysis
Market Positioning: Evoqua competes with 2 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Evoqua
Looking for brands with different ownership structures? These similar brands are not owned by Xylem Inc., giving you alternative choices that support different corporate structures.
Conglomerates IndustrialACC Limited
Owned by Adani Group
Indian cement and ready-mix concrete manufacturer, one of the oldest cement companies in India, owned by Adani Group since 2022.
cementconstructionbuilding-materials
Privately Owned
ACC Limited is privately owned, unlike Evoqua which is under a publicly traded parent company.
Conglomerates IndustrialAmbuja Cement
Owned by Adani Group
Indian cement manufacturer providing construction materials and building solutions, owned by Adani Group since 2022.
cementconstructionbuilding-materials
Privately Owned
Ambuja Cement is privately owned, unlike Evoqua which is under a publicly traded parent company.
Conglomerates IndustrialBrevini
Owned by Dana
Dana's motion systems brand for industrial gearboxes and hydraulics, acquired in 2017.
gearboxeshydraulicsmotion-systems
Privately Owned
Brevini is privately owned, unlike Evoqua which is under a publicly traded parent company.
Conglomerates IndustrialCHS
Owned by CHS Inc.
American agribusiness brand for grain, agronomy, energy, and crop input services, the master brand of the largest farmer-owned cooperative in the United States.
agribusinesscooperativegrain
Privately Owned
CHS is privately owned, unlike Evoqua which is under a publicly traded parent company.
Conglomerates IndustrialDalmia Cement
Owned by Dalmia Bharat Group
Indian cement and building materials brand owned by Dalmia Bharat Group, the fourth largest cement manufacturer in India by capacity.
cementconstructionbuilding-materials
Privately Owned
Dalmia Cement is privately owned, unlike Evoqua which is under a publicly traded parent company.
Conglomerates IndustrialGraybar
Owned by Graybar Electric Company, Inc.
The master brand of the employee-owned wholesale distributor of electrical, communications, and data networking products across North America.
wholesale-distributionelectricalcommunications
Privately Owned
Graybar is privately owned, unlike Evoqua which is under a publicly traded parent company.
Xylem Inc. Stock Information
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Jobs at Xylem Inc.
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