Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling entry to water and energy by way of fluid administration options, declares the acquisition of Aquarius Spectrum, a unique supplier of superior acoustic water leak detection and pipe situation evaluation options for water infrastructure. Aquarius Spectrum shall be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies within the area of water administration and preservation.
The revenues of Aquarius Spectrum are underneath €5 million a year, with a powerful progress potential. The financial details of this settlement will not be disclosed.
With this acquisition, Aliaxis further strengthens its options base to sort out the world’s major water-related challenges corresponding to sustainable water administration, resilient water infrastructure, access to water, and water for meals. Aquarius Spectrum, an Israel-based know-how 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 complex analysis 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 equivalent of three,200 Olympic swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we are at Aliaxis. Our pipes and fittings systems assist protect and supply water. We know that as a end result of aging water infrastructure, 35% of transported water on the earth is misplaced through hidden leakages that stay impossible to restore. Aquarius Spectrum’s state-of-the-art technology significantly reduces water losses and proactively monitors for future leakages in each new and growing older infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the subsequent era of options with actual societal influence.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to want a warm welcome to the Aquarius Spectrum team, who has developed very promising leak detection know-how. They have demonstrated their entrepreneurial and business capabilities. We’re very excited to build on their expertise, so we will jointly scale as much as more accurately detect and fix water leaks. Together we’ll 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 revolutionary solutions to address the world’s water challenges and accelerate the transition to clean vitality.
Thanks to our 14,000+ workers, our pipes and becoming techniques meet our customers’ most demanding wants for the building, infrastructure, industrial and agriculture sectors. Operating in over forty nations, the Company is energetic via leading native manufacturers and generated €3.7 billion income in 2021.
เกจวัดแรงดันน้ําไทวัสดุ on www.aliaxis.com
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