Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling entry to water and vitality by way of fluid administration options, announces the acquisition of Aquarius Spectrum, a novel supplier of superior acoustic water leak detection and pipe situation evaluation solutions for water infrastructure. Aquarius Spectrum might be part of Aliaxis Next, Aliaxis’ newly created division which develops adjacent businesses in the subject of water administration and preservation.
The revenues of Aquarius Spectrum are underneath €5 million a yr, with a robust development potential. The monetary details of this agreement is not going to be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to sort out the world’s main water-related challenges such as sustainable water management, resilient water infrastructure, entry to water, and water for food. Aquarius Spectrum, an Israel-based know-how company, has developed ground-breaking systems 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 swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we’re at Aliaxis. Our pipes and fittings methods help protect and supply water. We know that as a end result of aging water infrastructure, 35% of transported water on the earth is misplaced by way of hidden leakages that remain inconceivable to restore. Aquarius Spectrum’s state-of-the-art technology significantly reduces water losses and proactively screens for future leakages in each new and getting older infrastructure. เพรสเชอร์เกจไฮดรอลิค of Aquarius Spectrum is a serious step in driving our ambition to create the subsequent generation of solutions with actual societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to wish a heat welcome to the Aquarius Spectrum group, who has developed very promising leak detection know-how. They have demonstrated their entrepreneurial and business capabilities. We’re very excited to build on their expertise, so we will jointly scale up to extra 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 fifty one 66 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, easy to put in, and progressive solutions to address the world’s water challenges and speed up the transition to clean energy.
Thanks to our 14,000+ staff, our pipes and fitting systems meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over 40 international locations, the Company is lively by way of main local manufacturers and generated €3.7 billion revenue in 2021.
More information available on www.aliaxis.com
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