Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling entry to water and energy through fluid administration solutions, announces the acquisition of Aquarius Spectrum, a novel 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 adjacent companies in the area of water management and preservation.
The revenues of Aquarius Spectrum are beneath €5 million a yr, with a robust development potential. The financial details of this agreement will not be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to sort out the world’s main water-related challenges corresponding to sustainable water administration, resilient water infrastructure, access 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 technology which leverages acoustic sensors and sophisticated evaluation engines to detect water leaks and pinpoint their actual location. To date, Aquarius Spectrum technology has saved close to 8 billion litres of water, which is the equivalent of three,200 Olympic 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 due to aging water infrastructure, 35% of transported water in the world is lost by way of hidden leakages that remain unimaginable to repair. 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. เกจแรงดันสูง of Aquarius Spectrum is a serious step in driving our ambition to create the following technology of options with actual societal influence.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to want a heat welcome to the Aquarius Spectrum team, who has developed very promising leak detection technology. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to build on their know-how, so we are able to jointly scale up to more precisely detect and fix water leaks. Together we will 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, simple to put in, and progressive options to address the world’s water challenges and speed up the transition to wash vitality.
Thanks to our 14,000+ employees, our pipes and becoming systems meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is energetic through main local manufacturers and generated €3.7 billion income in 2021.
More information available on www.aliaxis.com
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