Xylem agreed to buy Indicor's Cornell Pump and Roper Pump businesses for $1.46 billion.

The water-technology company on Tuesday said the acquisitions will allow it to serve a broader range of industrial applications, as well as advance its strategy to increase exposure to high-growth sectors.

The Cornell Pump and Roper Pump businesses will add highly engineered pumping technologies to Xylem's portfolio. The pumps are designed to move fluids that are more difficult to handle, including applications involving slurry transport, solids handling and demanding suction-lift requirements, Xylem said.

The businesses will also bring patented self-priming capabilities and specialized expertise developed in construction and mining, food and beverage, agriculture, energy, and municipal applications, the company added.

In 2026, the Cornell Pump and Roper Pump businesses are expected to generate more than $260 million in revenue, Xylem said. The company expects the acquisition to boost its adjusted per-share earnings in 2027.

Expected to close before the end of the year, the transaction is subject to regulatory approvals and other customary closing conditions.

"The long-term demand drivers supporting our business continue to strengthen, creating new opportunities across industrial markets where water is increasingly critical to operational success," Chief Executive Matthew Pine said. "This acquisition expands our presence in key growth sectors and enhances our ability to help customers address evolving operational requirements."