Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling access to water and energy by way of fluid administration solutions, announces the acquisition of Aquarius Spectrum, a unique provider of superior acoustic water leak detection and pipe condition evaluation options for water infrastructure. Aquarius Spectrum shall be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining businesses in the subject of water management and preservation.
The revenues of Aquarius Spectrum are beneath €5 million a yr, with a powerful development potential. The monetary particulars of this agreement won’t be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to deal with the world’s major water-related challenges similar to sustainable water administration, resilient water infrastructure, entry to water, and water for food. Aquarius Spectrum, an Israel-based know-how firm, has developed ground-breaking techniques that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection technology which leverages acoustic sensors and complex evaluation engines to detect water leaks and pinpoint their actual location. To date, Aquarius Spectrum know-how has saved shut to 8 billion litres of water, which is the equal 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 techniques help preserve and supply water. We know that because of growing older water infrastructure, 35% of transported water in the world is misplaced by way of hidden leakages that stay impossible to repair. Aquarius Spectrum’s state-of-the-art technology considerably reduces water losses and proactively monitors for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the subsequent generation of solutions with actual societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I need to wish a warm welcome to the Aquarius Spectrum group, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and enterprise capabilities. pressure gauge ’re very excited to build on their know-how, so we will jointly scale up to more accurately detect and repair water leaks. Together we’ll continue 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 fifty one sixty six ninety two | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, straightforward to put in, and revolutionary solutions to deal with the world’s water challenges and speed up the transition to wash vitality.
Thanks to our 14,000+ employees, our pipes and fitting methods meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty nations, the Company is lively through leading local brands and generated €3.7 billion income in 2021.
More info out there on www.aliaxis.com
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