Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling entry to water and power by way of fluid administration options, announces the acquisition of Aquarius Spectrum, a unique supplier of advanced acoustic water leak detection and pipe condition assessment options for water infrastructure. Aquarius Spectrum shall be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies in the subject of water administration and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a strong development potential. The monetary details of this agreement is not going to be disclosed.
With this acquisition, Aliaxis additional strengthens its solutions base to deal with the world’s main water-related challenges corresponding to sustainable water management, resilient water infrastructure, access to water, and water for meals. Aquarius Spectrum, an Israel-based expertise company, has developed ground-breaking systems that proactively monitor water distribution networks. Throughout เกจวัดแรง , Aquarius Spectrum sells leak detection expertise which leverages acoustic sensors and complex analysis engines to detect water leaks and pinpoint their actual location. To date, Aquarius Spectrum know-how 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 are at Aliaxis. Our pipes and fittings techniques assist protect and provide water. We know that because of aging water infrastructure, 35% of transported water in the world is misplaced via hidden leakages that stay inconceivable to restore. Aquarius Spectrum’s state-of-the-art technology considerably reduces water losses and proactively screens for future leakages in each new and growing older infrastructure. The acquisition of Aquarius Spectrum is a serious step in driving our ambition to create the following era of options with actual societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to want a heat welcome to the Aquarius Spectrum group, who has developed very promising leak detection technology. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to construct on their expertise, so we can collectively scale up to more accurately detect and fix water leaks. Together we’ll proceed to work to protect 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, easy to install, and innovative options to handle the world’s water challenges and speed up the transition to clean vitality.
Thanks to our 14,000+ workers, our pipes and becoming systems meet our customers’ most demanding wants for the building, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is energetic via main native manufacturers and generated €3.7 billion income in 2021.
More info available on www.aliaxis.com
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