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Xylem is paying $1.46 billion for two pump makers, its biggest water bet of the year
Episode 214th August 2026 • iGrow Digest: Agriculture, Energy & Water Investment News • iGrowNews
00:00:00 00:10:18

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Eleven acquisitions crossed the wire in a single week — and the biggest one was a $1.46 billion bet on pumps.

Xylem agreed to buy Cornell Pump and Roper Pump from industrial conglomerate Indicor for $1.46 billion, in a deal expected to close in the fourth quarter. The two brands add more than $260 million in combined revenue at 30%-plus EBITDA margins to Xylem's Water Infrastructure segment — a straightforward read on aging utilities and one-directional pump demand.

Also this week: Nuclea Energy is acquiring Moltex Energy's advanced nuclear portfolio, including the Waste to Stable Salt process, the Stable Salt Reactor-Wasteburner, the FLEX design and 80 granted patents, out of UK administration; Mazavida launched as a containerized-desalination joint venture between Kinetic7 Technologies, Aquarius Capital, PIF Energy and PIF Capital across Abu Dhabi and Houston; Doral Renewables raised $400 million in common equity from parent Doral Group for its 17 GW pipeline; Verdantas bought Pax Environmental, adding nearly 75 staff; Recurrent Energy closed $695 million for the 330 MW Cobalt Solar project and brought the 150 MW Carwarp Energy Park online early under a Microsoft power deal; Copenhagen Infrastructure Partners closed $510 million of debt on a 420 MWdc Mexican solar-plus-storage plant; Ranchbot raised a $15 million Series B and set up a U.S. holding company in Texas; Arevon energized a 300 MW/1,200 MWh battery project backed by $920 million; Jacobs won a $750 million pipeline overhaul on Utah's Strawberry High Line; Netafim launched GrowSphere FLEX for smallholders, who farm 84% of the world's total; BrightFarms landed Kroger and Costco shelves in Dallas and Atlanta; and USDA and DHS signed a memorandum pairing animal-health expertise with border security against New World screwworm.

The premium edition this week is Gene Editing Grew Up. The Genetics Land Grab Is On. — 33 database entries across crop genomics, science and seeds since mid-May, from Tropic's acquisition of Rahan Meristem to Corteva spinning out its seed-and-genetics arm as Vylor.

In this episode:
(00:00) Cold Open
(00:34) The Impact Scorecard
(01:33) Corporate and Financial Shifts
(05:31) Innovation and Public Strategy
(08:14) Market Signals and Operations
(09:43) Close

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