Xylem Announces Reportable Segment Change To Scale Global Services Offering
Portfolio Pulse from Benzinga Newsdesk
Xylem is restructuring its business segments to create a new segment called Water Solutions and Services (WSS), effective January 1, 2024. WSS will combine Evoqua's Integrated Solutions and Services (ISS) with Xylem's dewatering and assessment services businesses to scale its global services offering.
December 13, 2023 | 12:03 pm
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Xylem's creation of the WSS segment is a strategic move to consolidate services and may lead to increased efficiency and revenue growth.
The formation of the WSS segment suggests a strategic focus on service offerings, which could lead to improved market positioning and potential revenue growth. Investors may view this positively as it indicates proactive management and potential for increased competitiveness.
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