Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling entry to water and power by way of fluid management options, proclaims the acquisition of Aquarius Spectrum, a unique supplier of superior acoustic water leak detection and pipe situation assessment options for water infrastructure. Aquarius Spectrum will be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies in the subject of water management and preservation.
The revenues of Aquarius Spectrum are beneath €5 million a 12 months, with a powerful progress potential. The financial details of this agreement is not going to be disclosed.
With this acquisition, Aliaxis further strengthens its options base to tackle the world’s major water-related challenges corresponding to sustainable water management, resilient water infrastructure, access to water, and water for food. Aquarius Spectrum, an Israel-based expertise company, has developed ground-breaking methods that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection technology which leverages acoustic sensors and complicated analysis engines to detect water leaks and pinpoint their actual location. To date, Aquarius Spectrum expertise has saved shut to eight 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’re at Aliaxis. Our pipes and fittings systems help protect and provide water. We know that due to aging water infrastructure, 35% of transported water in the world is lost via hidden leakages that stay unimaginable to repair. เกจวัดแรงดันน้ำ4หุน ’s state-of-the-art technology significantly reduces water losses and proactively monitors for future leakages in both new and getting older infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the next era of options with real societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I want to wish a warm welcome to the Aquarius Spectrum staff, who has developed very promising leak detection know-how. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to build on their technology, so we are ready to jointly scale as a lot as more accurately detect and repair water leaks. Together we will 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 progressive solutions to handle the world’s water challenges and accelerate the transition to scrub power.
Thanks to our 14,000+ staff, our pipes and becoming techniques meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is energetic by way of main local manufacturers and generated €3.7 billion income in 2021.
More information available on www.aliaxis.com
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