Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling entry to water and energy through fluid administration options, declares the acquisition of Aquarius Spectrum, a unique supplier of superior acoustic water leak detection and pipe condition evaluation solutions for water infrastructure. pressure gauge might be part of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies in the field of water management and preservation.
The revenues of Aquarius Spectrum are under €5 million a 12 months, with a powerful progress potential. The monetary details of this settlement is not going to be disclosed.
With this acquisition, Aliaxis further strengthens its options base to deal with the world’s main water-related challenges corresponding to 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 complicated analysis engines to detect water leaks and pinpoint their precise location. To date, Aquarius Spectrum expertise has saved shut to eight billion litres of water, which is the equal 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 assist protect and provide water. We know that due to aging water infrastructure, 35% of transported water on the planet is misplaced via hidden leakages that remain inconceivable to restore. Aquarius Spectrum’s state-of-the-art technology considerably reduces water losses and proactively screens for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the subsequent era of solutions with real societal impact.”
Fredrik Östbye, Head of Aliaxis Next says: “I need 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. diaphragm seal ’re very excited to build on their know-how, so we will collectively scale as much as extra precisely detect and fix water leaks. Together we will continue to work to preserve the world’s water resources”.
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Chetan Corten | Global Communications Director
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At Aliaxis, we design sustainable, simple to put in, and progressive options to handle the world’s water challenges and accelerate the transition to wash power.
Thanks to our 14,000+ staff, our pipes and becoming techniques meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty countries, the Company is active by way of leading local brands and generated €3.7 billion revenue in 2021.
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