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Xylem to Pay $1.7 Billion for Sensus Water-Technology Expertise

  • Purchase deepens analytics and meters presence in the U.S.
  • Acquisition is expected to be completed in fourth quarter

Xylem Inc. agreed to acquire Sensus for about $1.7 billion to enhance technology offerings in water distribution and treatment.

The purchase “will better meet our customers’ evolving needs, including greater energy efficiency, water conservation and improved life-cycle costs,” Patrick Decker, Xylem’s chief executive officer, said in a statement Monday.

The combination expands Xylem’s capabilities in advanced analytics for the water, wastewater and outdoor-water sectors and includes metering for utilities. The companies also...