Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling entry to water and vitality via fluid administration solutions, proclaims the acquisition of Aquarius Spectrum, a novel provider of superior acoustic water leak detection and pipe situation evaluation options for water infrastructure. Aquarius Spectrum will be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies within the subject of water management and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a strong development potential. The monetary details of this settlement is not going to be disclosed.
With this acquisition, Aliaxis additional strengthens its solutions base to deal with the world’s major water-related challenges such as sustainable water administration, resilient water infrastructure, entry to water, and water for meals. Aquarius Spectrum, an Israel-based expertise 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 complex analysis engines to detect water leaks and pinpoint their exact location. To date, Aquarius Spectrum know-how has saved shut to eight 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. Our pipes and fittings techniques help preserve and supply water. We know that as a outcome of growing older water infrastructure, 35% of transported water in the world is lost via hidden leakages that remain inconceivable to restore. Aquarius Spectrum’s state-of-the-art technology considerably reduces water losses and proactively monitors for future leakages in both new and getting older infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the next generation of options with real societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I want to want a heat welcome to the Aquarius Spectrum team, who has developed very promising leak detection know-how. pressure gauge octa have demonstrated their entrepreneurial and business capabilities. We’re very excited to build on their know-how, so we can jointly scale as a lot as more accurately detect and fix water leaks. Together we are going to 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, straightforward to put in, and revolutionary solutions to handle the world’s water challenges and speed up the transition to wash vitality.
Thanks to our 14,000+ staff, our pipes and becoming methods meet our customers’ most demanding wants for the building, infrastructure, industrial and agriculture sectors. Operating in over forty international locations, the Company is energetic by way of leading native brands and generated €3.7 billion income in 2021.
More info obtainable on www.aliaxis.com
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