Deal watch: Arad Group buys Mexican water meter maker Cicasa

The Arad Group, a water meter manufacturer and solutions provider, acquired the 51 per cent share in Cicasa as part of a global growth plan.

By combining Arad’s advanced water measurement solutions with Cicasa’s existing products, the company will be able to substantially expand its selling abilities in current and future markets.

Mexican utilities are making great efforts to improve the measurement of water consumption in an attempt to reduce the level of non-revenue water, which stands currently at above 30 per cent in most large cities.