Brussels, August 8, 2022 – Aliaxis SA, a world leader enabling access to water and power via fluid management solutions, announces the acquisition of Aquarius Spectrum, a novel supplier of advanced acoustic water leak detection and pipe condition assessment solutions for water infrastructure. Aquarius Spectrum will be part of Aliaxis Next, Aliaxis’ newly created division which develops adjoining companies within the subject of water administration and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a strong growth potential. The financial particulars of this agreement won’t be disclosed.
With this acquisition, Aliaxis additional strengthens its solutions base to tackle the world’s main water-related challenges similar to sustainable water management, resilient water infrastructure, access 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 exact location. To date, Aquarius Spectrum expertise has saved shut 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 are at Aliaxis. Our pipes and fittings methods help preserve and supply water. We know that due to getting older water infrastructure, 35% of transported water on the planet is misplaced via hidden leakages that stay inconceivable to restore. Aquarius Spectrum’s state-of-the-art technology significantly reduces water losses and proactively displays for future leakages in each new and growing older infrastructure. The acquisition of Aquarius Spectrum is a major step in driving our ambition to create the subsequent generation of options with real societal impact.”
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 technology. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to build on their expertise, so we are in a position to jointly scale as much as extra accurately detect and repair water leaks. Together we’ll proceed 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 51 sixty six ninety two | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, simple to put in, and progressive options to handle the world’s water challenges and speed up the transition to scrub vitality.
Thanks to our 14,000+ staff, our pipes and fitting systems 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 leading native manufacturers and generated €3.7 billion income in 2021.
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