Xylem Inc.’s Sensus to invest $4 million in North Carolina
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Xylem Inc.’s Sensus to invest $4 million in North Carolina

Sensus, one of the brand’s owned by global water technology company Xylem Inc., is expanding its operations in Durham County, North Carolina. The brand provides “advanced metering technologies to utilities and municipalities” making it a crucial part of Xylem’s mission to “solve water”. As aging infrastructure and out of date measurement technology clogs up the public’s access to water, wastage abounds. Governor Roy Cooper says that the brand’s expansion will create 301 new job over five years, and the company is expected to invest as much as $4 million by the end of 2019.

Xylem’s share price has edged up over the past five days

graph 0407 xylem

SOURCE: Yahoo Finance

Governor Cooper highlighted the close ties between the brand and the region, saying: “Sensus is already doing business here in North Carolina, and the company knows the highly skilled talent, supportive business climate and world-class education system found across our state. Sensus chose North Carolina for this expansion because our state has what it takes to help them succeed.”

Colin Sabol, Xylem senior vice president, and president of measurement and control solutions, added: “Xylem provides innovative products and compelling solutions to water and energy customers across the globe. We look forward to recruiting and hiring dedicated hardware and software engineers, supply chain managers and technical support engineers in North Carolina with assistance from the Governor, Department of Commerce and its partners.”

Disclosure

Dominion holds Xylem Inc. in its Global Trends Managed Fund.


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