Brussels, August eight, 2022 – Aliaxis SA, a world leader enabling entry to water and power by way of fluid management options, declares the acquisition of Aquarius Spectrum, a novel supplier of advanced acoustic water leak detection and pipe situation assessment options for water infrastructure. Aquarius Spectrum shall be part of Aliaxis Next, Aliaxis’ newly created division which develops adjacent companies within the field of water administration and preservation.
The revenues of Aquarius Spectrum are under €5 million a yr, with a powerful progress potential. The financial details of this agreement won’t be disclosed.
With this acquisition, Aliaxis additional strengthens its solutions base to deal with the world’s major 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 systems that proactively monitor water distribution networks. Throughout the world, Aquarius Spectrum sells leak detection technology which leverages acoustic sensors and complicated analysis engines to detect water leaks and pinpoint their exact location. To date, Aquarius Spectrum technology has saved shut to 8 billion litres of water, which is the equal of three,200 Olympic swimming swimming pools.
Eric Olsen, CEO of Aliaxis says: “Water is central to who we are at Aliaxis. Our pipes and fittings techniques assist preserve and provide water. We know that due to getting older water infrastructure, 35% of transported water in the world is lost via hidden leakages that remain impossible to restore. Aquarius Spectrum’s state-of-the-art technology significantly reduces water losses and proactively displays for future leakages in both new and aging infrastructure. The acquisition of Aquarius Spectrum is a serious step in driving our ambition to create the next era of solutions with real societal impression.”
Fredrik Östbye, Head of Aliaxis Next says: “I need to want a heat welcome to the Aquarius Spectrum staff, who has developed very promising leak detection technology. They have demonstrated their entrepreneurial and enterprise capabilities. We’re very excited to build on their know-how, so we can collectively scale up to more accurately detect and fix water leaks. Together we’ll 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 51 66 92 | E: chetan.corten@aliaxis.com
About Aliaxis
At Aliaxis, we design sustainable, easy to install, and innovative options to deal with the world’s water challenges and speed up the transition to scrub energy.
Thanks to our 14,000+ staff, our pipes and fitting techniques meet our customers’ most demanding wants for the constructing, infrastructure, industrial and agriculture sectors. Operating in over 40 international locations, the Company is active by way of main native brands and generated €3.7 billion income in 2021.
ส่วนประกอบpressuregauge out there on www.aliaxis.com
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