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Brussels, August eight, 2022 – Aliaxis SA, a world leader enabling access to water and power by way of fluid management solutions, proclaims the acquisition of Aquarius Spectrum, a unique supplier of advanced acoustic water leak detection and pipe situation assessment solutions for water infrastructure. Aquarius Spectrum shall be a half of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies in the area of water administration and preservation.
The revenues of Aquarius Spectrum are underneath €5 million a year, with a robust development potential. The financial particulars of this settlement won’t be disclosed.
With this acquisition, Aliaxis further strengthens its options base to tackle the world’s main water-related challenges such as sustainable water administration, resilient water infrastructure, access to water, and water for meals. Aquarius Spectrum, an Israel-based technology company, has developed ground-breaking techniques that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection technology which leverages acoustic sensors and complex analysis engines to detect water leaks and pinpoint their exact location. To date, Aquarius Spectrum expertise has saved close to eight billion litres of water, which is the equal of 3,200 Olympic swimming pools.
เพรสเชอร์เกจไฮดรอลิค , CEO of Aliaxis says: “Water is central to who we are at Aliaxis. Our pipes and fittings methods help preserve and provide water. We know that due to growing older water infrastructure, 35% of transported water on the earth is lost through hidden leakages that stay impossible 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 technology of options with real societal influence.”
Fredrik Östbye, Head of Aliaxis Next says: “I want to wish a warm welcome to the Aquarius Spectrum staff, who has developed very promising leak detection expertise. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to build on their expertise, so we can collectively scale as much as more precisely detect and repair water leaks. Together we will 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, easy to put in, and progressive options to handle the world’s water challenges and speed up the transition to wash energy.
Thanks to our 14,000+ employees, our pipes and becoming techniques meet our customers’ most demanding needs for the constructing, infrastructure, industrial and agriculture sectors. Operating in over forty nations, the Company is energetic via main local manufacturers and generated €3.7 billion income in 2021.
More information obtainable on www.aliaxis.com
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