Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling access to water and power by way of fluid administration solutions, proclaims the acquisition of Aquarius Spectrum, a novel provider of superior acoustic water leak detection and pipe condition assessment options for water infrastructure. Aquarius Spectrum shall be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies within the subject of water administration and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a powerful progress potential. The monetary details of this agreement is not going to be disclosed.
With this acquisition, Aliaxis additional strengthens its options base to deal with the world’s major water-related challenges similar to sustainable water management, resilient water infrastructure, access to water, and water for meals. Aquarius Spectrum, an Israel-based expertise 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 exact location. To date, Aquarius Spectrum expertise has saved close to eight billion litres of water, which is the equivalent of three,200 Olympic swimming swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we’re at Aliaxis. เกจวัดแรงดันsumo and fittings systems assist preserve and supply water. We know that due to growing older water infrastructure, 35% of transported water on the earth is misplaced through hidden leakages that stay impossible to repair. Aquarius Spectrum’s state-of-the-art technology significantly reduces water losses and proactively monitors for future leakages in each new and aging infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the subsequent technology of solutions with real societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish 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 business capabilities. We’re very excited to build on their technology, so we will jointly scale as a lot as more precisely detect and repair water leaks. Together we’ll continue to work to preserve the world’s water resources”.
Media Contact Aliaxis
Chetan Corten | Global Communications Director
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About Aliaxis
At Aliaxis, we design sustainable, easy to put in, and revolutionary options to handle the world’s water challenges and speed up the transition to wash power.
Thanks to our 14,000+ employees, 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 active via leading local brands and generated €3.7 billion income in 2021.
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