Transactions & Cases Detail
Xylem Inc. to acquire Pure Technologies for C$509M
509 Million CAD
On December 11, 2017, Pure Technologies Ltd. (“Pure”) announced that it has entered into a definitive agreement to be acquired by Xylem Inc. for C$9 per share in cash, for a total enterprise value of C$509 million. Pure’s Board of Directors has unanimously approved the transaction and recommends that Pure shareholders vote in favor of the transaction.
The addition of Pure will strengthen Xylem’s position as a leading provider of intelligent solutions that address the water industry’s most persistent problems. After the acquisition, the companies will provide their customers with powerful and innovative solutions.
Xylem is a leading global water technology company. Its products and services move, treat, analyze, monitor and return water to the environment in public utility, industrial, residential and commercial building services settings. Pure Technologies is a world leader in the development and application of innovative technologies for inspection, monitoring and management of critical infrastructure.
McCarthy Tétrault LLP is advising Pure with a team led by Gordon Cameron, that includes Catherine Samuel, Melissa Colborne and Farhiyah Shariff (Business), Sean Smyth and Lyndsey Delamont (Litigation), Dominic Thérien (Competition), and Robert Nearing (Tax).