Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling access to water and energy through fluid administration options, declares the acquisition of Aquarius Spectrum, a unique provider of advanced 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 businesses within the subject of water administration and preservation.
The revenues of Aquarius Spectrum are under €5 million a year, with a strong progress potential. The monetary particulars of this agreement will not be disclosed.
With this acquisition, Aliaxis further strengthens its options base to deal with the world’s major water-related challenges such as sustainable water management, resilient water infrastructure, entry 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 technology which leverages acoustic sensors and sophisticated analysis engines to detect water leaks and pinpoint their exact location. To date, Aquarius Spectrum technology has saved shut to 8 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 techniques assist preserve and provide water. We know that as a outcome of growing older water infrastructure, 35% of transported water in the world is misplaced by way of hidden leakages that stay impossible to restore. Aquarius Spectrum’s state-of-the-art expertise significantly reduces water losses and proactively screens for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the next era of solutions with actual societal influence.”
Fredrik Östbye, Head of Aliaxis Next says: “I need to want 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 ready to collectively scale up to more precisely detect and repair water leaks. Together we are going to proceed 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 install, and innovative solutions to deal with the world’s water challenges and accelerate the transition to scrub power.
Thanks to our 14,000+ staff, our pipes and fitting methods meet our customers’ most demanding wants for the constructing, infrastructure, industrial and agriculture sectors. Operating in over เกจวัดน้ำยาแอร์refco , the Company is lively through main local brands and generated €3.7 billion income in 2021.
More info available on www.aliaxis.com
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