Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling entry to water and energy by way of fluid management options, proclaims the acquisition of Aquarius Spectrum, a unique provider of superior acoustic water leak detection and pipe situation assessment options for water infrastructure. Aquarius Spectrum might be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining businesses in the field of water administration and preservation.
The revenues of Aquarius Spectrum are beneath €5 million a year, with a robust growth potential. pressure gauge ดิจิตอล of this settlement won’t be disclosed.
With this acquisition, Aliaxis further strengthens its options base to tackle the world’s main water-related challenges similar to sustainable water administration, resilient water infrastructure, entry to water, and water for meals. 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 technology which leverages acoustic sensors and sophisticated analysis engines to detect water leaks and pinpoint their precise location. To date, Aquarius Spectrum technology has saved close to eight billion litres of water, which is the equivalent of three,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 supply water. We know that because of aging water infrastructure, 35% of transported water on the earth is misplaced through hidden leakages that stay unimaginable to repair. Aquarius Spectrum’s state-of-the-art expertise significantly reduces water losses and proactively screens 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 following generation of options with real societal influence.”
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 know-how. They have demonstrated their entrepreneurial and business capabilities. We’re very excited to construct on their know-how, so we are able to jointly scale as much as more precisely detect and repair 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 fifty one 66 ninety two | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, simple to put in, and progressive solutions to deal with the world’s water challenges and speed up the transition to clean vitality.
Thanks to our 14,000+ employees, our pipes and becoming systems meet our customers’ most demanding needs for the building, infrastructure, industrial and agriculture sectors. Operating in over 40 international locations, the Company is lively via leading native brands and generated €3.7 billion revenue in 2021.
More data available on www.aliaxis.com
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