Xylem Inc., a leading global water technology company, last week announced that it has acquired PIMS Group, a privately held United Kingdom-based wastewater services company, for approximately $57 million. Terms of the transaction were not disclosed. PIMS generated revenue of approximately $38 million for the fiscal year ended April 30, 2012.
PIMS Group, based in Farnborough, U.K., 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 our large installed base to deliver advanced solutions and services that create peace of mind for our customers and help ensure that their operations are running optimally,” said Gretchen McClain, Xylem's president and CEO. “In bringing PIMS Group into the Xylem family, we are accelerating this strategy by adding an industry-leading and differentiated service capability built on PIMS’ world-class talent, tools and processes.”
PIMS Group was founded in 1972 and has 220 employees located throughout the U.K. The acquisition builds on a successful partnership between the two companies established in 2000 when Xylem named PIMS Group a certified Contracting Partner of its Flygt submersible.
In 2012, Xylem introduced Xylem TotalCare, a comprehensive, integrated portfolio of services — from design and consultancy to energy audits to supervisory services to maintenance contracts — to ensure that customers’ operations run at their best.
“The expertise and knowledge resident in PIMS Group will enable us to create a stronger platform for delivering Xylem TotalCare to customers in the U.K. and around the world,” McClain said.
Headquartered in White Plains, N.Y., Xylem is a water technology provider that enables customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings.