Brussels, August eight, 2022 – Aliaxis SA, a world leader enabling access to water and vitality by way of fluid management options, declares the acquisition of Aquarius Spectrum, a unique provider of advanced acoustic water leak detection and pipe situation evaluation options for water infrastructure. Aquarius Spectrum might be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies within the subject of water administration and preservation.
The revenues of Aquarius Spectrum are beneath €5 million a 12 months, with a powerful development potential. The monetary particulars of this agreement won’t be disclosed.
With pressure gauge , Aliaxis additional strengthens its solutions base to sort out the world’s major water-related challenges similar to sustainable water management, resilient water infrastructure, access to water, and water for food. Aquarius Spectrum, an Israel-based technology company, 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 evaluation engines to detect water leaks and pinpoint their exact location. To date, Aquarius Spectrum expertise has saved shut to 8 billion litres of water, which is the equivalent 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 techniques help preserve and supply water. We know that because of getting older water infrastructure, 35% of transported water on the earth is lost by way of hidden leakages that stay unimaginable to restore. Aquarius Spectrum’s state-of-the-art know-how 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 following era of options with actual societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I need to want a heat welcome to the Aquarius Spectrum team, who has developed very promising leak detection technology. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to construct on their know-how, so we will collectively scale as a lot as extra precisely detect and repair water leaks. Together we will continue to work to protect the world’s water resources”.
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Media Contact Aliaxis
Chetan Corten | Global Communications Director
T: +32 (0)478 fifty one 66 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, easy to install, and innovative options to address the world’s water challenges and speed up the transition to wash energy.
Thanks to our 14,000+ employees, our pipes and fitting techniques meet our customers’ most demanding needs for the building, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is lively through main local manufacturers and generated €3.7 billion income in 2021.
More info available on www.aliaxis.com
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