Under the alliance, the companies wil collaborate to explore synergies in technology development and seek market expansion opportunities.
The firms will evaluate opportunities to develop real-time water monitoring and water leak detection solutions designed for commercial, industrial and residential markets globally.
Aqua-Rimat CEO Shay Ravid said the collaboration between Noveda and Rimat provides significant opportunities to leverage complementary vision, product platforms and market segments, and offers international cross-selling opportunities.
Aqua-Rimat, a Rimat Group company, is a engaged in developing solutions for water treatment and water management.
