Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling entry to water and vitality through fluid administration solutions, declares the acquisition of Aquarius Spectrum, a novel provider of advanced acoustic water leak detection and pipe situation assessment solutions for water infrastructure. Aquarius Spectrum will be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies within the field of water administration and preservation.
The revenues of Aquarius Spectrum are underneath €5 million a year, with a strong growth potential. The financial particulars of this settlement will not be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to deal with the world’s major water-related challenges similar to sustainable water administration, resilient water infrastructure, entry to water, and water for food. Aquarius Spectrum, an Israel-based technology firm, has developed ground-breaking methods that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection know-how which leverages acoustic sensors and complex analysis engines to detect water leaks and pinpoint their actual location. To date, Aquarius Spectrum technology has saved shut to 8 billion litres of water, which is the equal of three,200 Olympic swimming swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we’re at Aliaxis. Our pipes and fittings systems help preserve and supply water. We know that as a outcome of growing older water infrastructure, 35% of transported water on the planet is lost via hidden leakages that remain inconceivable to restore. Aquarius Spectrum’s state-of-the-art expertise considerably reduces water losses and proactively monitors for future leakages in both new and getting older infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the next era of solutions with actual societal influence.”
Fredrik Östbye, Head of Aliaxis Next says: “I want to want a warm welcome to the Aquarius Spectrum staff, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and business capabilities. We’re very excited to construct on their expertise, so we are ready to jointly scale up to extra precisely detect and fix water leaks. Together เกจวัดแรงดันลมขนาดเล็ก will proceed to work to preserve the world’s water resources”.
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Media Contact Aliaxis
Chetan Corten | Global Communications Director
T: +32 (0)478 51 66 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, easy to install, and innovative solutions to deal with the world’s water challenges and speed up the transition to scrub energy.
Thanks to our 14,000+ employees, our pipes and becoming techniques meet our customers’ most demanding wants for the building, infrastructure, industrial and agriculture sectors. Operating in over 40 countries, the Company is lively by way of main native manufacturers and generated €3.7 billion revenue in 2021.
More info obtainable on www.aliaxis.com
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