Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling entry to water and power through fluid administration options, proclaims the acquisition of Aquarius Spectrum, a singular supplier of superior acoustic water leak detection and pipe situation evaluation solutions for water infrastructure. Aquarius Spectrum will be part of Aliaxis Next, Aliaxis’ newly created division which develops adjacent businesses in the area of water management and preservation.
The revenues of Aquarius Spectrum are under €5 million a 12 months, with a robust development potential. The financial details of this agreement is not going to be disclosed.
With this acquisition, Aliaxis further strengthens its options base to sort out 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 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 sophisticated analysis engines to detect water leaks and pinpoint their precise location. To date, Aquarius Spectrum technology has saved close to 8 billion litres of water, which is the equal of 3,200 Olympic swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we are at Aliaxis. Our pipes and fittings methods assist preserve and supply water. We know that due to getting older water infrastructure, 35% of transported water on the planet is lost by way of 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 both new and growing older infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the next era of solutions with real societal impression.”
เกจวัดแรงดัน Östbye, Head of Aliaxis Next says: “I want to wish a heat welcome to the Aquarius Spectrum group, who has developed very promising leak detection know-how. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to construct on their technology, so we can jointly scale up to extra precisely detect and fix water leaks. Together we’ll 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, simple 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+ workers, our pipes and fitting techniques meet our customers’ most demanding wants for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is active by way of main local manufacturers and generated €3.7 billion income in 2021.
More info out there on www.aliaxis.com
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