AFCON
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AFCON - overview
Established
1968
Location
Petah Tikva, -, Israel
Primary Industry
Defence
About
AFCON is an Israeli company specializing in infrastructure and technological solutions, focusing on advanced systems integration within construction projects for enhanced efficiency and sustainability. Founded in 1968 in Petah Tikva, Israel, AFCON provides comprehensive infrastructure solutions. In April 2017, AFCON was acquired by Anvil International, a portfolio company of One Equity Partners. The leadership includes CEOs Hareli David and Yaki Spanco, who guide the firm in executing innovative projects worldwide.
AFCON Holdings specializes in delivering technological solutions across various sectors, including electric transportation, renewable energy, smart city technologies, and advanced water technologies. Their offerings are designed to enhance urban efficiency and sustainability, addressing challenges like energy consumption and environmental standards for a diverse clientele that includes both governmental and private entities. In the most recent fiscal year 2022, AFCON reported a revenue of USD 624. 23 mn and an EBITDA of USD 11.
45 mn, primarily generated through project-based contracts and long-term partnerships in the B2B segment. AFCON aims to expand its product line with new technological solutions focusing on sustainability in urban environments. The company plans to target further markets in Europe and the Middle East by 2025. The proceeds from the acquisition by Anvil International will be utilized to accelerate these initiatives, enhancing their capabilities in infrastructure development and technological innovation.
Current Investors
ASC Engineered Solutions, LLC
Primary Industry
Defence
Sub Industries
Defence, Integrated Circuits, Hardware
Website
www.afcon.co.il
Company Stage
Add-on
Total Amount Raised
Subscriber access only
AFCON - timeline of key events
AFCON - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, PIPE | Completed | Electreon Wireless Ltd. | - | ||||||||
| Add-on | Completed | AFCON | - |
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AFCON - employee data
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