Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling access to water and vitality by way of fluid administration solutions, declares the acquisition of Aquarius Spectrum, a singular provider of advanced acoustic water leak detection and pipe condition evaluation 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.
Freebie of Aquarius Spectrum are underneath €5 million a yr, with a strong growth potential. The monetary details of this settlement won’t be disclosed.
With this acquisition, Aliaxis further strengthens its options 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 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 technology which leverages acoustic sensors and sophisticated analysis engines to detect water leaks and pinpoint their actual location. To date, Aquarius Spectrum expertise has saved close to 8 billion litres of water, which is the equivalent of three,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 preserve and supply water. We know that because of aging water infrastructure, 35% of transported water in the world is misplaced through hidden leakages that remain unimaginable to repair. Aquarius Spectrum’s state-of-the-art expertise considerably reduces water losses and proactively screens for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a significant step in driving our ambition to create the next technology of solutions with actual societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I want to wish a heat welcome to the Aquarius Spectrum group, who has developed very promising leak detection technology. They have demonstrated their entrepreneurial and business capabilities. We’re very excited to build on their expertise, so we will collectively scale up to more accurately detect and fix water leaks. Together we are going to continue 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 sixty six ninety two | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, straightforward to put in, and innovative solutions to handle the world’s water challenges and speed up the transition to scrub energy.
Thanks to our 14,000+ staff, our pipes and fitting methods meet our customers’ most demanding wants for the building, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is lively by way of main native brands and generated €3.7 billion revenue in 2021.
More data obtainable on www.aliaxis.com
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