Arad Group

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.

Company Intelligence Q&A

When did Arad Group become a public company?

Arad Group became public on 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 strategic move that expanded Arad's market presence and product portfolio in the European water technology sector.

What innovative product did Arad Group introduce in 2013?

In October 2013, Arad Group introduced a Sabbath-observant meter designed to keep water flowing 24/7.

What significant international deal did Arad Technologies secure in 2010?

In January 2010, Arad Technologies and a French company won a water deal in India.

How does Arad Group contribute to reducing Non-Revenue Water (NRW) for utilities?

Arad Group implemented advanced ultrasonic water meters and a comprehensive water management system for Meimei Hadarom, an Israeli water utility, which significantly reduced Non-Revenue Water (NRW) by improving leak detection, billing accuracy, and network optimization.