AURELIUS Equity Opportunities SE & Co. KGaA (HMSE:AR40) entered into a definitive agreement to acquire International division of water metering business of Xylem Inc. (NYSE:XYL) on October 2, 2025. A cash consideration will be paid by AURELIUS Equity Opportunities SE & Co. KGaA. The acquisition includes associated metering assets, products, and facilities serving customers in Europe and select international markets. The deal also encompasses a suite of long-term commercial agreements. As part of the acquisition, the Sensus International name and international product names will continue to be used on an interim basis by AURELIUS outside North America. Xylem will retain its North American smart metering business. Xylem?s smart metering portfolio will continue to be marketed under the Sensus name in North America. Xylem colleagues associated with the international division will be part of a standalone Sensus International group of companies owned by AURELIUS.

For the period ending December 31, 2024, International division of water metering business of Xylem Inc. reported total revenue of $250 million with Adjusted EBITDA margin dilutive to Xylem.

The transaction is expected to close in the first quarter of 2026, subject to receiving required regulatory approvals and other customary closing conditions, including actions relating to the carve-out of the international metering business.

Raymond James Wealth Management Limited acted as financial advisor for AURELIUS Equity Opportunities SE & Co. KGaA. FTI Consulting Management Limited acted as financial advisor for AURELIUS Equity Opportunities SE & Co. KGaA. KPMG Europe LLP acted as accountant for AURELIUS Equity Opportunities SE & Co. KGaA. CIL Management Consultants acted as commercial advisor for AURELIUS Equity Opportunities SE & Co. KGaA. Aon acted as insurance advisor for AURELIUS Equity Opportunities SE & Co. KGaA. Elizabeth Oberholzer, Claire James, Philipp Dohnke, Thomas Granetzny, David Beutel, Barbara Keil, Lori Goodman, Sarah Katz, Vinita Kailasanathm, Martin Rehberg, Kevin A. Uhler and Lukas Pomaroli of Freshfields LLP acted as legal advisor for AURELIUS Equity Opportunities SE & Co. KGaA.