Brussels, August 8, 2022 – Aliaxis SA, a world chief enabling entry to water and vitality via fluid administration options, declares the acquisition of Aquarius Spectrum, a singular provider of superior acoustic water leak detection and pipe condition evaluation options for water infrastructure. Aquarius Spectrum might be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies within the area of water administration and preservation.
The revenues of Aquarius Spectrum are beneath €5 million a 12 months, with a strong development potential. The monetary details of this settlement will not be disclosed.
With this acquisition, Aliaxis further strengthens its solutions base to sort out the world’s major water-related challenges similar to sustainable water management, resilient water infrastructure, entry to water, and water for meals. Aquarius Spectrum, an Israel-based expertise firm, has developed ground-breaking systems that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection know-how which leverages acoustic sensors and sophisticated evaluation engines to detect water leaks and pinpoint their precise location. To date, Aquarius Spectrum expertise has saved close to eight billion litres of water, which is the equal 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 methods assist preserve and provide water. We know that due to getting older water infrastructure, 35% of transported water on the planet is lost through hidden leakages that remain impossible to repair. Aquarius Spectrum’s state-of-the-art technology considerably reduces water losses and proactively screens for future leakages in both new and getting older infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the subsequent era of solutions with real societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I need 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 can collectively scale up to extra accurately detect and fix water leaks. Together เกจวัดแรงดันpressuregauge will continue 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 66 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, straightforward to install, and progressive solutions to handle the world’s water challenges and speed up the transition to clean power.
Thanks to our 14,000+ employees, our pipes and fitting systems meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty nations, the Company is active through main local manufacturers and generated €3.7 billion income in 2021.
More info obtainable on www.aliaxis.com
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