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, marking a significant milestone in its journey.
Business overview
Arad Group designs, develops, manufactures, sells, and supports water meters for residential, bulk, irrigation, and water management companies globally. The company provides comprehensive remote meter-reading solutions for walk-by, drive-by, and fixed network systems, enabling utilities and water companies to automatically control remote water meters in real time without physical access or visual inspection. Arad Group operates an in-house molding and injection manufacturing plant and a quality control bench, producing over 500,000 units annually, with millions of its water meters installed worldwide. The company operates in the Industrial Technologies sector, focusing on telemetry, agriculture, and water management.
Strategic signal
In October 2018, Arad Group completed the acquisition of Italy's Watertech. This strategic acquisition expanded Arad Group's market presence and enhanced its portfolio of water measurement and management solutions, signaling a focus on international growth and consolidation within the water technology sector.
Company Intelligence Q&A
- When did Arad Group go public?
- Arad Group became public on TASE in December 2004.
- What was a key strategic move by Arad Group in 2018?
- In October 2018, Arad Group completed the acquisition of Italy's Watertech, expanding its market reach and product offerings.
- 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, including residential, bulk, and irrigation.
- What is Arad Group's manufacturing capacity?
- Arad Group manufactures over 500,000 water meters annually, with millions of its units installed globally.
- What is a notable use case for Arad Group's technology?
- Arad Group implemented advanced ultrasonic water meters and a comprehensive water management system for Meimei Hadarom, an Israeli water utility, which reduced Non-Revenue Water (NRW) by 75% through improved leak detection and network optimization.