Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling access to water and energy through fluid administration options, proclaims the acquisition of Aquarius Spectrum, a singular supplier of superior acoustic water leak detection and pipe situation evaluation options for water infrastructure. Aquarius Spectrum might be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies within the field of water management and preservation.
The revenues of Aquarius Spectrum are under €5 million a 12 months, with a robust growth potential. The financial details of this agreement is not going to be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to deal with the world’s main water-related challenges corresponding to sustainable water management, resilient water infrastructure, access to water, and water for food. Aquarius Spectrum, an Israel-based technology firm, has developed ground-breaking methods that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection expertise 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 equal of three,200 Olympic swimming swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we are at Aliaxis. Our pipes and fittings systems assist preserve and provide water. pressure gauge octa know that due to aging water infrastructure, 35% of transported water in the world is misplaced by way of hidden leakages that remain inconceivable to repair. Aquarius Spectrum’s state-of-the-art expertise considerably reduces water losses and proactively monitors for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the next technology of solutions with actual societal influence.”
Fredrik Östbye, Head of Aliaxis Next says: “I need to wish a warm welcome to the Aquarius Spectrum staff, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to build on their know-how, so we are in a position to jointly scale as much as extra accurately detect and repair water leaks. Together we are going to continue to work to protect the world’s water resources”.
Media Contact Aliaxis
Chetan Corten | Global Communications Director
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At Aliaxis, we design sustainable, simple to install, and innovative solutions to address the world’s water challenges and accelerate the transition to wash energy.
Thanks to our 14,000+ employees, our pipes and becoming methods meet our customers’ most demanding wants for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is energetic by way of main native manufacturers and generated €3.7 billion revenue in 2021.
More information obtainable on www.aliaxis.com