Aliaxis and Kando to sign investment agreement
Aliaxis and Kando to sign investment agreement – Teaming up to improve wastewater quality and protect public health
Brussels / Tel Aviv, September 18th, 2020 – Aliaxis, a global leader in the manufacturing and distribution of advanced plastic piping systems, and Kando, an environmental technology and data company specialising in digitising wastewater systems to offer operators enhanced insight and control over their networks, have today signed a strategic investment and collaboration agreement.
Through this agreement, the companies are becoming strategic partners. They will support each other to develop and deploy advanced data solutions, targeting increased operational efficiencies and sustainability through digital applications. While Aliaxis will support Kando’s continued growth in new markets, Kando will strengthen Aliaxis’ digital offering, bolstering their portfolio with cutting edge data capture and handling capabilities.
Koen Sticker, acting CEO of Aliaxis says: “We have made the strategic decision to create Aliaxis Ventures, a corporate venture arm dedicated to support and invest in entrepreneurial companies with a focus on water technologies. This to complement and further accelerate our innovation and new business development efforts. The partnership with Kando is a first step in this direction and will allow us to create more customer value.”
Ari Goldfarb, CEO of Kando, comments: “Together, Kando and Aliaxis are committed to building a more efficient and sustainable future. Signing this agreement is the start of a partnership that will support both companies in that aim, combining our capabilities and ambitions to create new value propositions for our customers. Access to Aliaxis’ product and service portfolio will allow Kando to grow and increase the benefits we can bring to new and existing markets, and we are delighted to add advanced data handling and enhanced smart systems to Aliaxis’ offer.”
The financial details of this agreement will not be disclosed.
Kando is an environmental technology and data company, committed to developing and deploying innovative digital solutions to support improved environmental health and sustainable ways of living. Initially specializing in delivering insights from within wastewater networks, Kando’s solutions allow water utilities to detect, track and anticipate events in their wastewater systems in real-time (such as pollution events). By extracting data from wastewater systems with unique wireless IoT units, and using advanced, cloud-based data analytics, Kando provide decision makers with reliable, actionable insights to optimize their operations through a SaaS structure. Kando’s innovative, proprietary machine learning and data analytics tools enable customers to see their network continuously and remotely, and in a way that has never before been possible.
More on www.kando.eco
Aliaxis is a global leader in advanced plastic piping systems for building, infrastructure, industrial and agriculture applications. The company provides communities around the world with sustainable innovative solutions for water and energy, leading the industry in a way that anticipates the rapidly evolving needs of its customers and of society. With a global workforce of about 16,000 employees, Aliaxis offers specific solutions that meet our customers’ most demanding needs across the globe. Aliaxis is active through leading local brands and operating in over 45 countries, combining local solutions with global innovation and operational excellence. The company is privately owned, with its global headquarters in Brussels, Belgium.
More on www.aliaxis.com