Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling access to water and vitality via fluid administration solutions, announces the acquisition of Aquarius Spectrum, a unique provider of superior acoustic water leak detection and pipe condition assessment solutions for water infrastructure. Aquarius Spectrum shall be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjacent businesses in the subject of water administration and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a powerful progress potential. The financial details of this agreement will not be disclosed.
With this acquisition, Aliaxis further strengthens its options 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 know-how which leverages acoustic sensors and complex analysis 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.
เกจวัดแก๊สlpg , CEO of Aliaxis says: “Water is central to who we are at Aliaxis. Our pipes and fittings systems help protect and supply water. We know that because of aging water infrastructure, 35% of transported water on the planet is misplaced by way of hidden leakages that stay impossible to repair. Aquarius Spectrum’s state-of-the-art know-how significantly reduces water losses and proactively monitors for future leakages in each new and aging infrastructure. The acquisition of Aquarius Spectrum is a serious step in driving our ambition to create the subsequent generation of solutions with actual societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to wish a heat welcome to the Aquarius Spectrum team, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to construct on their expertise, so we can collectively scale as a lot as extra accurately detect and fix water leaks. Together we are going to 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 install, and innovative options to deal with the world’s water challenges and speed up the transition to scrub energy.
Thanks to our 14,000+ workers, our pipes and fitting methods meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty international locations, the Company is lively through leading local manufacturers and generated €3.7 billion revenue in 2021.
More info obtainable on www.aliaxis.com
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