Xylem sells metering assets outside North America

Xylem (XYL) has entered into a definitive agreement for Aurelius to acquire the assets of its water and heat metering business outside North America. The transaction comprises Xylem’s international metering business – a division of the company’s Measurement and Control Solutions segment. It includes associated metering assets, products, and facilities serving customers in Europe and select international markets. The division generated approximately $250M in revenues in 2024 with Adjusted EBITDA margin dilutive to Xylem. Xylem will retain its North American smart metering business. Xylem’s smart metering portfolio will continue to be marketed under the Sensus name in North America. The transaction is expected to close in 1Q26, subject to receiving required regulatory approvals and other customary closing conditions.The Sensus International name and international product names will continue to be used on an interim basis by Aurelius outside North America. Financial terms of the transaction were not disclosed.