Producer
Evoqua Water Technologies (Xylem)
US industrial water treatment company; acquired by Xylem Inc. in 2023 for $7.5B; provides municipal and industrial water and wastewater treatment systems including UV disinfection, ion exchange, activated carbon adsorption, and membrane systems; serves ~38,000 customers including US military, municipalities, and utilities.
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Inputs supplied
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Goods downstream
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Facilities
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Stories
What else they do
Business segments
The company's full revenue map — where this supply-chain role fits within their broader business.
Municipal Water Treatment
40%Industrial Water Treatment
35%Integrated Solutions (Outsourced)
15%Defense & Emergency
10%
Intelligence
What's known
Sourced claims about this company's role in supply chains — chokepoints, concentration, incidents, dual-use connections.
Did you know2023
Evoqua provides water treatment systems for US military forward operating bases (deployable reverse osmosis water purification units - ROWPU) AND municipal drinking water systems AND semiconductor fab ultrapure water plants, all using substantially similar UV/RO/ion exchange technology. The municipal SCADA control systems Evoqua deploys at US water utilities are on the CISA (Cybersecurity and Infrastructure Security Agency) critical infrastructure protection list -- meaning they are treated as national security assets. Military ROWPU units deploy with US forces globally to provide water independence in the field. Semiconductor fab UPW systems at TSMC and Intel require Evoqua-equivalent systems for chip rinsing water purity. All three applications use the same underlying water purification science, and disruption to Evoqua's service and parts supply would simultaneously affect military operational readiness, civilian drinking water safety, and semiconductor manufacturing yield.
Evoqua Water Technologies (Xylem) ↗Origin2023
Evoqua Water Technologies was created in 2014 when private equity firm AEA Investors carved out Siemens Water Technologies from Siemens AG for approximately $1B. Siemens had built the water business through acquisitions: it bought USFilter (itself assembled from hundreds of smaller water companies) from Vivendi/Veolia in 2002 for $993M, then added Ionics (ion exchange and desalination), Memcor (membranes), and other assets. When Siemens decided to exit water treatment as non-core, the assembled company was rebranded Evoqua and eventually went public on the NYSE in 2017. Xylem Inc. then acquired Evoqua in 2023 for $7.5B -- a 7.5x return on the original 2014 carve-out price, reflecting the growing strategic value of water treatment infrastructure expertise. The company that was carved out of Siemens for $1B is now embedded in the infrastructure supporting water for 38,000+ customers globally.
Evoqua Water Technologies (Xylem) ↗Concentration2023
Xylem acquired Evoqua for $7.5B in 2023 — creating a water technology company large enough to design, build, and operate municipal water systems end-to-end, from treatment chemicals through to monitoring sensors Evoqua Water Technologies (formerly Siemens Water Technologies, spun out in 2014) was acquired by Xylem Inc. in 2023 in a $7.5B all-stock deal — the largest acquisition in the global water sector in a decade. Combined, Xylem-Evoqua employs ~22,000 people and generates ~$7.5B revenue, making it one of the top 3 global water technology companies alongside Veolia and Pentair. The combined company offers municipal utilities a complete solution: water treatment systems (Evoqua's ion exchange, UV, activated carbon) + pumps and meters (Xylem's core legacy) + smart meter data and analytics. This vertical integration reflects a broader consolidation trend in water infrastructure driven by aging US water systems, PFAS cleanup mandates, and climate-related supply stress.
Xylem Inc. ↗