Xylem Inc. (NYSE: XYL), a leading global water technology company dedicated to solving the world's most challenging water issues, has acquired HYPACK, Inc. a privately-owned company specializing in hydrographic survey software used in ocean, coastal and surface water applications, for approximately $18 million. News of acquisition was shared in the Company's third quarter earnings announcement. Other terms of the transaction were not disclosed.
Located in Middletown, Connecticut, HYPACK is a leading provider of hydrographic survey data acquisition, processing, and visualization software. Used by government agencies, universities, and consultants, HYPACK products measure and map features in bodies of water in connection with maritime navigation, marine construction, dredging, offshore oil exploration, pipeline surveys, habitat assessments and search & recovery efforts. HYPACK expects to generate revenue of approximately $8.5 million in 2015.
"The addition of HYPACK's premium products and application expertise supports our strategy to acquire attractive businesses that complement our global analytics portfolio, and our continued commitment to provide the best solutions to the tough challenges our customers face every day across the water industry," said Colin Sabol, Xylem's Senior Vice President and President of Analytics and Treatment. "HYPACK's bathymetric products and services, partnered with long-standing customer relationships will further expand our ocean and coastal capabilities. HYPACK will stand proudly next to the ocean and coastal experts from Xylem brands like SonTek, Aanderaa and YSI."
Xylem's analytics businesses are leading manufacturers of premium field, portable, laboratory and online analytical instruments used in water and wastewater, environmental, food and beverage, pharmaceutical and life science applications. The company's meters, sensors, analyzers and related consumables are used every day by thousands of end-users worldwide to analyze and control quality in countless applications where precise measurement is required. Xylem Analytics started with the core brands of WTW, SI Analytics, Aanderaa Data Instruments, Global Water Instrumentation, ebro and Bellingham + Stanley, and has grown through a series of successful acquisitions including OI Analytical, YSI, MJK Automation, HYPACK, and most recently Visenti and Sensus. www.xylemanalytics.com
Xylem (XYL) is a leading global water technology company committed to developing innovative technology solutions to the world’s water challenges. The Company’s products and services move, treat, analyze, monitor and return water to the environment in public utility, industrial, residential and commercial building services, and agricultural settings. With its October 2016 acquisition of Sensus, Xylem added smart metering, network technologies and advanced data analytics for water, gas and electric utilities to its portfolio of solutions. The combined Company’s nearly 16,000 employees bring broad applications expertise with a strong focus on identifying comprehensive, sustainable solutions. Headquartered in Rye Brook, New York with 2016 revenue of $3.8 billion, Xylem does business in more than 150 countries through a number of market-leading product brands.
The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all — that which occurs in nature. For more information, please visit us at www.xylem.com.