Arad Group
Wireless, Automatic Meter-reading Data Networks
Company Overview
Snapshot
Founded in January 1941, Arad Group operates with 201–500 employees. The company became public on TASE in December 2004, a significant milestone for its long-standing operations in water measurement solutions.
Business overview
Arad Group specializes in the design, development, manufacturing, and support of water meters for residential, bulk, irrigation, and water management applications globally. The company provides comprehensive remote meter-reading solutions, including walk-by, drive-by, and fixed network systems, enabling utilities and water companies to automatically control remote water meters in real time. Arad Group operates an in-house molding and injection manufacturing plant and a testing and quality control bench, producing over 500,000 units annually with millions of its water meters installed worldwide. It serves the Industrial Technologies sector, focusing on water management, IoT, and telecommunication solutions.
Strategic signal
In October 2018, Arad Group completed the acquisition of Italy's Watertech. This strategic move expanded Arad's market presence and product portfolio in the European water technology sector, signaling a continued focus on growth through M&A and strengthening its position as a global leader in water measurement solutions.
Log in to access full profile ›Company Intelligence Q&A
- When did Arad Group become a public company?
- Arad Group became public on the TASE in December 2004.
- What was a key acquisition made by Arad Group?
- In October 2018, Arad Group completed the acquisition of Italy's Watertech, a move that strengthened Arad's position in the global water management market.
- What is Arad Group's primary business?
- Arad Group designs, develops, manufactures, sells, and supports water meters and remote meter-reading solutions for various applications globally.
- What is a notable product innovation from Arad Group?
- In October 2013, Arad Group developed a Sabbath-observant meter designed to keep water flowing 24/7, addressing specific customer needs.
- Has Arad Group secured international deals?
- In January 2010, Arad Technologies and a French company won a water deal in India, expanding the company's international presence.