Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling entry to water and power through fluid administration solutions, announces the acquisition of Aquarius Spectrum, a unique provider of advanced acoustic water leak detection and pipe situation assessment solutions for water infrastructure. Aquarius Spectrum might be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies within the area of water management and preservation.
The revenues of Aquarius Spectrum are underneath €5 million a 12 months, with a powerful progress potential. compound gauge ราคา of this settlement won’t be disclosed.
With this acquisition, Aliaxis additional strengthens its solutions base to sort out the world’s main water-related challenges corresponding to sustainable water management, resilient water infrastructure, access to water, and water for food. Aquarius Spectrum, an Israel-based expertise company, has developed ground-breaking systems that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection expertise which leverages acoustic sensors and complex analysis engines to detect water leaks and pinpoint their precise location. To date, Aquarius Spectrum expertise has saved close to 8 billion litres of water, which is the equal of three,200 Olympic swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we’re at Aliaxis. Our pipes and fittings systems assist preserve and provide water. We know that as a end result of growing older water infrastructure, 35% of transported water on the planet is lost via hidden leakages that stay inconceivable to restore. Aquarius Spectrum’s state-of-the-art know-how considerably reduces water losses and proactively displays for future leakages in both new and growing older infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the following era of solutions with actual societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I want to want a heat welcome to the Aquarius Spectrum group, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to construct on their technology, so we can jointly scale as much as 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 51 66 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, simple 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 wants for the building, infrastructure, industrial and agriculture sectors. Operating in over forty nations, the Company is lively via leading native brands and generated €3.7 billion revenue in 2021.
More data out there on www.aliaxis.com
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