Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling entry to water and energy by way of fluid administration options, declares the acquisition of Aquarius Spectrum, a novel supplier of superior acoustic water leak detection and pipe situation evaluation options for water infrastructure. Aquarius Spectrum will be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining businesses within the field of water administration and preservation.
pressure gauge of Aquarius Spectrum are under €5 million a year, with a strong progress potential. The monetary details of this agreement is not going to be disclosed.
With this acquisition, Aliaxis additional strengthens its solutions base to sort out the world’s major water-related challenges such as sustainable water management, resilient water infrastructure, access 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 expertise which leverages acoustic sensors and sophisticated evaluation engines to detect water leaks and pinpoint their exact location. To date, Aquarius Spectrum know-how has saved close to eight billion litres of water, which is the equivalent of 3,200 Olympic swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we’re at Aliaxis. Our pipes and fittings systems help preserve and supply water. We know that because of getting older water infrastructure, 35% of transported water in the world is lost by way of hidden leakages that remain impossible to repair. Aquarius Spectrum’s state-of-the-art know-how significantly reduces water losses and proactively screens for future leakages in each new and aging infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the next era of options with actual societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to want a heat welcome to the Aquarius Spectrum team, who has developed very promising leak detection know-how. เพรสเชอร์เกจ have demonstrated their entrepreneurial and business capabilities. We’re very excited to build on their know-how, so we are able to collectively scale as much as extra precisely detect and repair water leaks. Together we are going to 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 51 sixty six 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, simple to install, and innovative options to deal with the world’s water challenges and speed up the transition to clean power.
Thanks to our 14,000+ workers, 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 energetic by way of leading native manufacturers and generated €3.7 billion revenue in 2021.
More data obtainable on www.aliaxis.com
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