Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling access to water and power by way of fluid administration solutions, announces the acquisition of Aquarius Spectrum, a novel supplier of superior acoustic water leak detection and pipe condition evaluation solutions for water infrastructure. Aquarius Spectrum might be part of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies within the area of water administration and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a robust progress potential. The financial particulars of this agreement will not be disclosed.
With this acquisition, Aliaxis additional strengthens its solutions base to tackle the world’s main water-related challenges such as sustainable water administration, resilient water infrastructure, access to water, and water for food. 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 know-how which leverages acoustic sensors and sophisticated analysis engines to detect water leaks and pinpoint their precise location. To date, Aquarius Spectrum expertise has saved shut to 8 billion litres of water, which is the equivalent of 3,200 Olympic swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we are at Aliaxis. เกจ์แรงดัน and fittings methods help preserve and provide water. We know that because of growing older water infrastructure, 35% of transported water on the planet is misplaced through hidden leakages that stay inconceivable to repair. เกจวัดแรงดันแก๊สlpg ’s state-of-the-art technology significantly reduces water losses and proactively screens for future leakages in each new and aging infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the subsequent era of solutions with actual societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I need to wish a warm 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 build on their know-how, so we can jointly scale up to more precisely detect and fix 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 51 66 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, simple to put in, and innovative solutions to address the world’s water challenges and speed up the transition to wash energy.
Thanks to our 14,000+ staff, our pipes and becoming systems meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over 40 international locations, the Company is active through leading local manufacturers and generated €3.7 billion income in 2021.
More information out there on www.aliaxis.com
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