In August 2022, Brussels-based water management solutions provider, Aliaxis, announced its acquisition of Aquarius Spectrum, an Israel-based digital leakage management and pipeline condition assessment startup. The terms of the deal were undisclosed. Founded in 2009, Aquarius Spectrum provides fixed and mobile leak detection hardware and analytics software, with revenues of less than US$5 million in 2021.
In this Research Note:
- Regulation, scarcity underpin 15.5% CAGR for digital leakage management solutions
- New move into condition assessment pits Aquarius Spectrum against robust competitors
- Aliaxis Next looks to accelerate the pace of innovation, digital transformation