Xylem has signed a definitive agreement for AURELIUS to acquire the assets of its water and heat metering operations outside North America.
The transaction covers Xylem’s international metering division, part of its Measurement and Control Solutions segment. The sale includes related assets, products, and facilities that serve customers across Europe and selected international markets. In 2024, the division generated about $250 million in revenue with an Adjusted EBITDA margin below Xylem’s company average.
Xylem will retain its North American smart metering business, which remains a key component of the company’s long-term strategy for growth and value creation.
“This decision reflects our strategy to simplify our portfolio and focus on where we can have the greatest impact empowering customers and communities to build a more water-secure world,” said Matthew Pine, Xylem president and CEO. “The international metering business has a different product mix and margin profile than our core operations. In contrast, our scale, capabilities and leadership in the North American smart metering market position us to capture meaningful growth.”
Xylem will retain its North American smart metering business, which remains a key component of the company’s long-term strategy for growth and value creation
“We’re deeply grateful to our customers and colleagues whose dedication and partnership have been instrumental in shaping the international metering business. I look forward to seeing them advance this important work with AURELIUS.”
In North America, Xylem’s smart metering solutions will continue to be marketed under the Sensus brand, which holds a strong market position in the region.
The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions, including those related to the carve-out of the international metering business. Employees connected to the international operations will join a standalone Sensus International group of companies under AURELIUS ownership. The Sensus International name and product labels will continue to be used temporarily by AURELIUS outside North America.
Financial terms were not disclosed.
Xylem plans to report its third-quarter 2025 results on October 28, 2025.
