Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling access to water and vitality by way of fluid administration solutions, declares the acquisition of Aquarius Spectrum, a unique provider of superior acoustic water leak detection and pipe situation assessment solutions for water infrastructure. Aquarius Spectrum will be a part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining businesses within the area of water management and preservation.
The revenues of Aquarius Spectrum are under €5 million a 12 months, with a strong development potential. The financial particulars of this settlement won’t be disclosed.
With Ready , Aliaxis further strengthens its options base to deal with the world’s main water-related challenges similar to sustainable water management, resilient water infrastructure, access to water, and water for meals. Aquarius Spectrum, an Israel-based know-how company, has developed ground-breaking techniques 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 know-how has saved close to eight billion litres of water, which is the equivalent of 3,200 Olympic swimming swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we’re at Aliaxis. Our pipes and fittings methods help preserve and provide water. We know that because of getting older water infrastructure, 35% of transported water on the earth is lost via hidden leakages that remain unimaginable to restore. Aquarius Spectrum’s state-of-the-art expertise significantly reduces water losses and proactively monitors for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a serious step in driving our ambition to create the next technology of solutions with real societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to want a warm welcome to the Aquarius Spectrum team, who has developed very promising leak detection expertise. Cancel anytime have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to build on their technology, so we will collectively scale up to 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 51 sixty six 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, easy to put in, and innovative options to deal with the world’s water challenges and accelerate the transition to wash vitality.
Thanks to our 14,000+ workers, our pipes and fitting systems meet our customers’ most demanding needs for the building, infrastructure, industrial and agriculture sectors. Operating in over forty international locations, the Company is energetic by way of leading native manufacturers and generated €3.7 billion income in 2021.
More data obtainable on www.aliaxis.com
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