Belgian company acquires leak detection provider Aquarius Spectrum

Fluid management solutions provider Aliaxis SA has announced the acquisition of Israel-based Aquarius Spectrum, a provider of advanced acoustic water leak detection and pipe condition assessment solutions for water infrastructure. Aquarius Spectrum will become part 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 year, with a strong growth potential. The financial details of the acquisition will not be disclosed.