AURELIUS to acquire Xylem Inc.’s international smart meter division
- Definitive agreement reached for the acquisition of Xylem Inc.’s metering assets outside of North America
- AURELIUS’ latest transaction involving a Fortune 500 company
- The division generated approximately $250m in revenues in 2024 and employs more than 800 people
AURELIUS Private Equity Mid-Market Buyout has entered into a definitive agreement to acquire Xylem Inc.’s water and heat metering assets outside of North America.
Xylem Inc. is a Fortune 500 global water solutions company whose 23,000 employees delivered revenue of $8.6bn in 2024. Its international smart meters division, Sensus International, contributed approximately $250m to the group in 2024.
Sensus International, with a 130-year heritage, manufactures and sells mechanical and static water and heat meters, predominantly for residential markets in Europe. It operates manufacturing from two sites in Germany, where about one-half of its 800 employees are located, and one site in Slovakia.
This acquisition will mark AURELIUS’ latest transaction with a Fortune 500 counterparty.
AURELIUS’ confidence for the prospects of this business is based on the positive market trends driven by the accelerated roll-out of smart meters, as well as an impressive heritage and installed base to leverage in future. Extending its product range will only enhance its growth potential and ability to serve customers. Moreover, following completion of the carve-out, AURELIUS’ dedicated in-house operations advisory team AURELIUS WaterRise will work with management on identified levers to further increase efficiency and streamline processes.
Andrzej Cebrat, Managing Director AURELIUS Funds IV and V, says: “After our recent definitive agreements to buy FIAMM Energy Technologies in Italy and Landis+Gyr’s business in EMEA, we have now signed yet another deal, this time with Xylem. Based on AURELIUS’ extensive experience with reducing complexity and optimising operational performance, there are so many things we can help our new portfolio company achieve.”
Tristan Nagler, Partner at AURELIUS Investment Advisory, says: “We are delighted to have been selected by Xylem to acquire Sensus International, and are looking forward to establishing the business as a standalone organisation that can continue to deliver world-class solutions in the best interest of its many customers, suppliers and employees. We are ready to get to work with the Sensus International management team.”
The transaction is expected to close in Q1 2026, subject to the receipt of required regulatory approvals and other customary closing conditions.
AURELIUS was advised by Raymond James (M&A), Freshfields (Legal), CIL Management Consultants (Commercial), FTI Consulting (Financial), KPMG (Tax), and Aon (Insurance).
About AURELIUS
AURELIUS is a global private equity investor, distinguished and widely recognised for its operational approach. It focuses on private markets, in particular Private Equity and Private Debt. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.
AURELIUS is a renowned specialist for complex investments with operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions. To date, AURELIUS has completed more than 300 transactions, and has built a strong track record of delivering attractive returns to its investors. Its approach is characterised by its uncompromising focus on operational excellence and an unrivalled ability to efficiently execute highly complex transactions.
More info: www.aurelius-group.com