Brussels, August eight, 2022 – Aliaxis SA, a world chief enabling access to water and vitality through fluid administration solutions, announces the acquisition of Aquarius Spectrum, a novel supplier of advanced acoustic water leak detection and pipe condition evaluation solutions for water infrastructure. Aquarius Spectrum shall be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjacent businesses in the field of water management and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a powerful growth potential. The monetary particulars of this agreement is not going to be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to tackle the world’s main water-related challenges such as sustainable water management, resilient water infrastructure, entry to water, and water for meals. Aquarius Spectrum, an Israel-based technology firm, has developed ground-breaking techniques that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection expertise which leverages acoustic sensors and complex evaluation engines to detect water leaks and pinpoint their exact location. To date, Aquarius Spectrum know-how has saved close to 8 billion litres of water, which is the equivalent of 3,200 Olympic swimming swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we’re at Aliaxis. Our pipes and fittings techniques help preserve and supply water. We know that because of growing older water infrastructure, 35% of transported water on the planet is misplaced by way of hidden leakages that stay impossible to restore. เกจวัดแรงดันน้ำ4หุน ’s state-of-the-art technology considerably reduces water losses and proactively displays for future leakages in each new and getting older infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the next generation of solutions with real societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I wish to wish a heat welcome to the Aquarius Spectrum group, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and business capabilities. We’re very excited to construct on their technology, so we can collectively scale as a lot as extra accurately detect and fix water leaks. Together we are going to proceed 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 revolutionary options to deal with the world’s water challenges and speed up the transition to scrub energy.
Thanks to our 14,000+ workers, our pipes and fitting systems meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over 40 countries, the Company is lively via leading native manufacturers and generated €3.7 billion revenue in 2021.
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