Xylem has announced that it will acquire Pure Technologies for 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. Pure’s Board of Directors has unanimously approved the transaction and recommends that Pure shareholders vote in favor of the transaction.
Headquartered in Calgary, Alberta, Pure has approximately 500 employees globally. It has corporate offices in Mississauga, Ontario, and Columbia, MD, as well as regional offices across the US, Mexico, Colombia, Australia and China. Approximately 90 per cent of its 2016 revenues were generated in North America.
