Xylem Inc.
 |
|
| Public | |
| Traded as | : XYL S&P 500 Component |
| Industry | Manufacturing |
| Predecessor | ITT Corporation |
| Founded | 2011 |
| Headquarters | Rye Brook, New York, U.S. |
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Area served
|
Worldwide |
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Key people
|
Patrick K. Decker (President & CEO) |
| Revenue |  US$ 3.9 billion (2014) |
 $ 489 million (2014) |
|
|
$ 337 million (2014) |
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| Total assets |
$ 4.8 billion (2014) |
| Total equity |
 $ 2.1 billion (2014) |
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Number of employees
|
12,500 (2014) |
| Website | www |
Xylem Inc. is a large American water technology provider, enabling customers worldwide to transport, treat, test and efficiently use water in public utility, residential, commercial, agricultural and industrial settings. The Company does business in more than 150 countries. Launched in 2011 from the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in Rye Brook, N.Y., with 2015 revenues of $3.65 billion and 12,500 employees worldwide.
Its accounts report two segments: Water infrastructure (made up of businesses serving clean water delivery, wastewater transport and treatment, dewatering and analytical instrumentation) and Applied Water (comprising businesses in residential and commercial building services, industrial and agricultural applications).
On January 12, 2011, Xylem's parent, ITT Corporation announced its plan to separate the company into three, stand-alone publicly traded, independent companies" . The future water company was named Xylem, pronounced zi-lem. (The name "Xylem", derived from classical Greek, is the tissue that transports water in plants.) It comprises three business units - Water Solutions, Analytics and Applied Water Systems.
ITT Corporation spun off its defense businesses into a company named ITT Exelis, and retained its corporate name, logo and “Engineered for life” company tagline for its other activities.
Patrick Decker is CEO and president of Xylem.
Flygt is a manufacturer of dry and submersible pumps, submersible mixers and related intelligent control systems. Product development and manufacturing of Flygt products is based in Sweden.
In 1901 Per Alfred Stenberg established a foundry in the small town of Emmaboda in southern Sweden. One of the main products was moulds for the glass industry. Per Alfred transfer ownership of the company to his sons. In 1922 Hilding Flygt set up a pump and fan sales company in . Through an newspaper advertisement the two companies are brought into contact with one another in 1929, and led to the Stenberg brothers beginning to produce Flygt pumps in Emmaboda. Sixten Englesson, chief engineer, invented the first submersible drainage pump in 1947 and the first submersible sewage pump in 1956. In 1968 the Stenberg family sold the company to ITT Corporation. During the 1970s, the product range was expanded with mixers and other products.
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