Bloomberg

Arad Acquires Majority Stake in Mexico Water-Meter Maker Cicasa

Arad Group agreed to buy a controlling share of the Mexico City water-meter manufacturer Cicasa to expand operations in Latin America’s second-biggest economy.

The Kibbutz Dalia, Israel-based company confirmed today the $2.04 million purchase of a 51 percent stake in closely held Cicasa.

Source: Bloomberg