Xylem Inc. announced a planned realignment of its reportable segments to reflect the operating drivers of financial performance with greater transparency. The change is driven by the integration of the Evoqua acquisition completed earlier this year. Effective January 1, 2024, the new segment, Water Solutions and Services (WSS), will unify Evoqua?s legacy Integrated Solutions and Services (ISS) segment with Xylem?s legacy dewatering and assessment services businesses.

In May 2023, Xylem acquired Evoqua to create the world?s most advanced platform of capabilities to address customers? and communities? mission-critical water needs.

In the process of integrating the two companies, opportunities emerged to accelerate synergy capture by bringing multiple services offerings together in a single segment. With this realignment, WSS will comprise ISS, Xylem?s dewatering business, previously part of the Water Infrastructure segment, and the assessment services business, previously part of the Measurement and Control Solutions segment. WSS will deliver a greater breadth of services at scale and enable the Company?s service force to address a variety of customer challenges with a unified customer experience.