Xylem acquires PIMS Group to enhance service capabilities

Xylem Inc., a global water technology company focused on addressing the world’s most challenging water issues, announced that it has acquired PIMS Group, a privately held United Kingdom-based wastewater services company, for approximately $57 million. The actual terms of the transaction were not disclosed. PIMS Group, based in Farnborough, is a national supplier of wastewater installation and maintenance services for the municipal, industrial and private sector markets. PIMS provides a 24/7 service capability from design and installation to service and maintenance of pumping systems, sewers and drains, oil interceptors and sewage treatment plants. “The core of Xylem’s growth strategy is to leverage