This is a very focused water play in an industry that is highly fragmented. Growth is generated by all the things that are troubling California: water scarcity, urbanization, population growth, environmental protection issues, and infrastructure needs. The company operates in all the major segments of the water industry, such as transportation, treatment, irrigation, industrial water treatment, building services, and testing. It also manufactures pumps, valves, filtration equipment, and biological disinfection technologies. As well, it provides an analytics platform to aid municipalities and utilities in making the correct infrastructure investments.
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Xylem Inc. (NYSE: XYL)
Xylem is based in Rye Brook, New York but has a global footprint. It does business in 150 countries with over 12,500 employees worldwide.