Brussels, August eight, 2022 – Aliaxis SA, a world leader enabling entry to water and vitality by way of fluid management solutions, announces the acquisition of Aquarius Spectrum, a singular supplier of advanced acoustic water leak detection and pipe condition assessment options for water infrastructure. Aquarius Spectrum will be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies in the field of water administration and preservation.
pressure gauge octa of Aquarius Spectrum are beneath €5 million a year, with a powerful progress potential. The financial particulars of this agreement will not be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to tackle the world’s main water-related challenges corresponding to sustainable water administration, resilient water infrastructure, entry to water, and water for meals. Aquarius Spectrum, an Israel-based technology company, has developed ground-breaking techniques that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection know-how which leverages acoustic sensors and sophisticated evaluation engines to detect water leaks and pinpoint their actual location. To date, Aquarius Spectrum technology has saved close to 8 billion litres of water, which is the equivalent of 3,200 Olympic swimming swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we are at Aliaxis. Our pipes and fittings methods help protect and provide water. We know that as a outcome of growing older water infrastructure, 35% of transported water on the planet is lost through hidden leakages that remain unimaginable to repair. Aquarius Spectrum’s state-of-the-art know-how significantly reduces water losses and proactively monitors for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the next era of solutions with real societal influence.”
Fredrik Östbye, Head of Aliaxis Next says: “I need to want a warm welcome to the Aquarius Spectrum staff, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and enterprise capabilities. pressure gauge octa ’re very excited to build on their technology, so we are able to collectively scale up to more accurately detect and fix water leaks. Together we will proceed 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 ninety two | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, simple to put in, and revolutionary solutions to address the world’s water challenges and speed up the transition to clean energy.
Thanks to our 14,000+ staff, our pipes and becoming systems meet our customers’ most demanding needs for the building, infrastructure, industrial and agriculture sectors. Operating in over 40 countries, the Company is active through main native brands and generated €3.7 billion revenue in 2021.
More information obtainable on www.aliaxis.com
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