nyse xyl s & p 500 component industry manufacturing predecessor itt corporation founded 2011 headquarters rye brook new york u.s. area served worldwide key people patrick k. decker president & ceo revenue us 3.9 billion 2014 1 operating income 489 million 2014 1 net income 337 million 2014 1 total assets 4.8 billion 2014 1 total equity 2.1 billion 2014 1 number of employees 12 500 2014 1 website www.xyleminc.com xylem inc. is a large american water technology provider enabling customers worldwide to transport treat test and efficiently use water in public utility residential commercial agricultural and industrial settings . the company does business in more than 150 countries . launched in 2011 from the spinoff of the water related businesses of itt corporation xylem is headquartered in rye brook n.y. with 2015 revenues of 3.65 billion and 12 500 employees worldwide . 1 its accounts report two segments water infrastructure made up of businesses serving clean water delivery wastewater transport and treatment dewatering and analytical instrumentation and applied water comprising businesses in residential and commercial building services industrial and agricultural applications . 1 contents 1 history 2 brands 2.1 flygt 2.1.1 history 2.2 goulds water technology 2.2.1 history 2.2.2 branding under xylem 2.3 ysi 2.3.1 corporate history 2.3.2 branches 2.3.3 acquisitions 2.3.4 products 2.3.5 charitable 3 references history edit on january 12 2011 xylem s parent itt corporation announced its plan to separate the company into three stand alone publicly traded independent companies . 2 the future water company was named xylem pronounced zi lem . the name xylem derived from classical greek is the tissue that transports water in plants . it comprises three business units water solutions analytics and applied water systems . 3 itt corporation spun off its defense businesses into a company named itt exelis and retained its corporate name logo and engineered for life company tagline for its other activities . 4 patrick decker is ceo and president of xylem . 5 brands edit flygt edit flygt is a manufacturer of dry and submersible pumps submersible mixers and related intelligent control systems . product development and manufacturing of flygt products is based in sweden . history edit in 1901 per alfred stenberg established a foundry in the small town of emmaboda in southern sweden . one of the main products was moulds for the glass industry . per alfred transfer ownership of the company to his sons . in 1922 hilding flygt set up a pump and fan sales company in stockholm . through an newspaper advertisement the two companies are brought into contact with one another in 1929 and led to the stenberg brothers beginning to produce flygt pumps in emmaboda . sixten englesson chief engineer invented the first submersible drainage pump in 1947 and the first submersible sewage pump in 1956 . in 1968 the stenberg family sold the company to itt corporation . during the 1970s the product range was expanded with mixers and other products . 6 7 goulds water technology edit goulds water technology is an american manufacturer of water pumps . incorporated in the 19th century goulds is now a brand of xylem inc. history edit the corporate history of goulds pumps began in seneca falls new york in 1848 when seabury s. gould purchased the interests of edward mynderse and h.c. silsby in downs mynderse & co. a pump making business which had started up in 1840 . the company known as downs & company until 1869 cast and assembled the world s first all metal pump in 1849 . 8 in 1869 the goulds name was added and the company became known as goulds manufacturing company . the gould family ran the operation from 1872 until 1964 renaming the company goulds pumps incorporated in 1926 . in the 1960s goulds expanded by adding acquisitions of companies in california texas pennsylvania and new york . the company expanded under a joint operational agreement into china singapore and korea . by the 1990s goulds expanded into austria italy mexico and venezuela . in 1997 goulds pumps was purchased by itt industries . goulds and itt served 130 nations combined . goulds pumps was a subsidiary with its own name under itt . goulds pumps management moved back to seneca falls in 1998 . branding under xylem edit on october 31 2011 xylem inc. completed its spinoff from itt corporation and became a leading brand of water solution products with 2011 revenues of 3.8 billion . goulds water technology is a brand of xylem inc. providing pumps for residential commercial and agricultural applications and goulds pumps remains a part of itt corporation providing pump products for the industrial market . xylem comprises three business units water solutions analytics and applied water systems . these three units are interconnected anticipating and reflecting evolving needs and sharing their applications expertise to cover every stage of the water cycle . the goulds water technology brand 9 is part of the applied water systems business unit that manufacturers energy efficient centrifugal and turbine pumps controllers variable frequency drives and accessories for agricultural building trades commercial and light industrial water and products for wastewater applications . ysi edit ysi a xylem brand is a developer and manufacturer of sensors instruments software and data collection platforms for environmental water quality monitoring and testing . 10 corporate history edit the company reaches back to 1948 when a three man partnership was forged at antioch college in yellow springs ohio usa . this village between dayton and columbus still serves as the headquarters for what started as the yellow springs instrument company now known as ysi inc. 11 in the 1980s d malte vonmatthiessen succeeded hardy trolander as president . in 200z ron geis appointed new general manager of ysi ; former ceo rick omlor continues as executive advisor in 200x ysi merged with analytics division of itt corp. to form new water company xylem . branches edit the firm opened branches in the 1990s in japan ysi japan limited and then one in hong kong ysi hong kong limited . in the 2000s they opened an office in qingdao china followed by ones in beijing and in bahrain they open as specialized branch in shanghai asian hydroacoustics center . in 200y they opened an office in ireland in 2008 in australia . and in 200b in abu dhabi . in the us they opened a gulf coast sales and service office in baton rouge louisiana in 200x . acquisitions edit the firm acquired various companies in the 1980s design analysis associates inc. a firm founded by william i. fletcher ; and acquired endeco a marion ma oceanographic data collection and monitoring company . in the 1990s they acquired victory engineering company springfield nj to complement ysi temperature product line and sontek a precision water velocity measurement company founded in california ; they also acquired controlling interests in clandon scientific in england in the 2000s they acquired hydrodta uk and acquired environmental business from amj equipment corp and renamed the new environmental monitoring and services company amj environmental in st. petersburg florida . in 200a d design analysis associates in logan ut a manufacturer of data loggers and radar level sensors products edit the company from the start introduced the first commercial product in many categories in 1952 they introduced the first quartz crystal electronic stopwatch and the first practical electronic thermometer . in 1956 first commercial heart lung machine in 1957 the first instantaneous blood gas analyzer . 12 they continued development in their key area of temperature measurement . they produced the first interchangeable thermistor temperature probes in 1955 and developed it into a complete line of precision interchangeable thermistors in 1961 and in 1965 developed the first linear thermistor temperature sensor which industrial research magazine recognized as one of the 100 most significant new technological products of the year . tin other analytical instruments they produced the first practical dissolved oxygen meter for field and laboratory use in 1965 which the same magazine recognized as yet another of the most significant technological products of the year . 12 their oxygen meter had used the technique of polarography and they developed further products on the same principle including t the first immobilized enzyme activated polarographic sensor in 1972 . they then developed further biomedical instrumentation the first commercially successful whole blood glucose analyzer in 1975 the first commercial alcohol measurement instrument using immobilized enzyme electrode technology in 1982 . they continued using immobilized enzyme techniques for the first direct whole blood l lactate assays using immobilized enzyme electrode also in 1982 . . they also continued developing thermal technology with the first commercial gallium melting point temperature standard 29.7715 c in 1977 and the first robotic manufactured glass encapsulated precision thermistors in 1996 . 12 they produced their first environmental monitoring instrument a dissolved oxygen sensor in 1992 . they then developed instrumentation for conductivity measurement of ultrapure water in 1996 and the first accurate commercial fiber optic based co2 measurement system in 1998 . beginning in the late 1990s they began producing analytical software and integrated analytical instrumentation bod analyst tm software that automates bod testing.they also began developing integrated analytical systems the ysi 600 qs quick sample multiparameter spot sampling system the ysi 5200 recirculating system monitor and the ysi 7100 multiparameter bioanalytical system mbs . charitable edit in the spring of 2015 gulf specimen marine laboratory a small nonprofit educational and scientific marine supply company raised over 72 000 in a social media campaign to replace their ancient and failing wedco ozonator system for water purification required in their aquarium . xylem inc provided their new ozonator system at cost with full engineering support and installation allowing gsml to have the new system with the funds they had raised . 13 14 references edit a b c d e f g h xylem inc. reports fourth quarter and full year 2012 results announces 15 percent dividend increase press release . xylem inc. 2013 02 07 . retrieved 2013 02 17 . itt to break itself up fueling share rally . reuters . january 12 2011 . retrieved july 14 2011 . about xylem . xylem inc. retrieved 2013 02 17 . jacobs karen july 14 2011 . update 1 itt sets names for planned spin offs . reuters . retrieved july 14 2011 . http www.xyleminc.com en us news and events press release archive pages xylem inc. appoints steven r. loranger chief executive officer and president.aspx flygt brand and heritage . flygt . flygt history pdf . flygt . the history of pumps through the years http unitedstates.xylemappliedwater.com brands goulds water technology xylem brands . xylem inc. ysi history . ysi . a b c company history web site accessed feb 17 2013 etters k new water purifying system installed at panacea marine lab tallahassee democrat june 18 2015 retrieved june 22 2015 . xylem supports gulf specimen marine laboratory s sea turtle rehabilitation program retrieved january 26 2015 v t e itt corporation related companies abbey life american cable and radio corporation bell telephone manufacturing company c. lorenz cannon claro puerto rico commercial cable company commercial pacific cable company creed & company edo corporation exelis visual information solutions federal telegraph company flygt focke wulf goulds pumps itt exelis itt technical institute kellogg switchboard & supply company kolster brandes mix & genest sheraton hotels and resorts standard telecommunication laboratories standard telephones and cables the hartford wpxn tv xylem inc. key people sosthenes behn william henry harrison harold geneen john william mackay rand araskog media the sovereign state itt the management of opportunity the itt wars products geoeye 1 itt system 12 retrieved from https en.wikipedia.org w index.php title xylem inc. & oldid 704084867 categories companies listed on the new york stock exchangemanufacturing companies of the united statescompanies established in 2011itt corporationhidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants