Xylem has entered into an agreement to acquire the Cornell Pump and Roper Pump businesses from Indicor in a deal valued at $1.46 billion. The acquisition is set to broaden the company’s reach in mining pumping technology and other demanding industrial applications, strengthening its portfolio for sectors where fluid handling goes well beyond standard requirements.
Xylem Agrees $1.46 Billion Pump Business Acquisition
The agreement sees Xylem take on two established pump businesses that bring highly engineered solutions for moving difficult-to-handle fluids. Cornell Pump and Roper Pump serve a range of mission-critical applications across construction, mining, food and beverage, agriculture, energy and municipal sectors.
Xylem said the acquisition advances its strategy to increase exposure to high-growth sectors that benefit from infrastructure investment, industrial modernisation and growing resource demands. The two businesses will be reported within Xylem’s Water Infrastructure segment once the transaction is finalised.
Matthew Pine, President and CEO of Xylem, said the long-term demand drivers supporting the business continue to strengthen, creating new opportunities across industrial markets where water is increasingly critical to operational success. He added that the acquisition expands the company’s presence in key growth sectors and enhances its ability to help customers address evolving operational requirements. Pine also noted it strengthens the portfolio in ways that support long-term value creation.
Pumping Technology Expands Mining Applications
The Cornell Pump and Roper Pump businesses add specialised mining pumping technology designed for applications involving slurry transport, solids handling and demanding suction-lift requirements. These are areas where standard pumping equipment often falls short, and the businesses bring patented self-priming capabilities that set them apart.
Their specialised expertise, developed over years of work in construction and mining environments, positions them well for the kind of tough fluid-handling challenges common across the resources sector. For mining operators dealing with abrasive slurries and heavy solids, this pumping technology for mining offers purpose-built solutions that go beyond traditional pumping needs.
The addition of slurry pumping and solids-handling capabilities gives Xylem a broader toolkit for serving industrial and municipal customers. Mining pumping technology of this nature is increasingly sought after as resource demands grow and operations become more complex.
Transaction Awaits Regulatory Approval
The transaction is expected to close in the December quarter of 2026. Completion remains subject to the receipt of required regulatory approvals and other customary closing conditions.
Once finalised, the deal will bring Cornell Pump and Roper Pump under the Xylem umbrella, adding their mining pumping technology and broader industrial expertise to the Water Infrastructure segment. The acquisition underlines a clear push by Xylem into sectors where engineered pumping solutions are essential to day-to-day operations.