Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling entry to water and power through fluid administration options, announces the acquisition of Aquarius Spectrum, a unique provider of superior acoustic water leak detection and pipe condition assessment solutions for water infrastructure. Aquarius Spectrum shall be part of Aliaxis Next, Aliaxis’ newly created division which develops adjacent businesses within the field of water management and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a strong progress potential. The financial details of this agreement will not be disclosed.
With this acquisition, Aliaxis further strengthens its options base to tackle the world’s major water-related challenges similar to sustainable water management, resilient water infrastructure, entry to water, and water for food. 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 complicated evaluation engines to detect water leaks and pinpoint their precise location. To date, Aquarius Spectrum technology has saved close to eight 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 techniques assist preserve and supply water. We know that because of growing older water infrastructure, 35% of transported water in the world is misplaced through hidden leakages that remain impossible to repair. Aquarius Spectrum’s state-of-the-art expertise considerably reduces water losses and proactively displays for future leakages in both new and getting older infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the next generation of options with actual societal influence.”
pressure gauge ไท วัสดุ Östbye, Head of Aliaxis Next says: “I want to wish a heat welcome to the Aquarius Spectrum staff, who has developed very promising leak detection technology. They have demonstrated their entrepreneurial and business capabilities. We’re very excited to construct on their expertise, so we can jointly scale up to more precisely detect and repair water leaks. Together we are going to 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 ninety two | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, easy to put in, and progressive solutions to address the world’s water challenges and accelerate the transition to wash power.
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 forty international locations, the Company is lively by way of main native manufacturers and generated €3.7 billion revenue in 2021.
More data out there on www.aliaxis.com
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