--- source_url: "https://www.preqin.com/data/profile/asset/afcon/230179" title: "AFCON Asset Profile | Preqin" mirrored_at: 2026-08-06T13:04:08.748Z host: www.preqin.com cited_in_42a: true mirror_canonical: "https://index.42a.ai/www.preqin.com/data/profile/asset/afcon/230179" --- > **Original source:** https://www.preqin.com/data/profile/asset/afcon/230179 \= Subscriber Access Only You are viewing a preview of this profile. Request a [Preqin Pro demo](https://www.preqin.com/RegisterInterest/Demo) for full access to all profiles and underlying data. With [Preqin Pro](https://www.preqin.com/our-products/preqin-pro), you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers. ## 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 ![Blurred Background](https://images.ctfassets.net/zf87m07ner47/4VUQnnR3NCKdFlk6oh2z7P/1d0c11197592a0a7dd4d947ad5ed8e06/timelinegraphblur.png?h=250) Want to see the Timeline of Key Events? [Request a demo](https://www.preqin.com/registerinterest/demo) for full access to this profile. Fiscal Year Ended Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Revenue (USD) 1,332,805,000 1,435,462,000 1,500,083,000 1,587,576,000 1,674,848,000 1,733,820,000 \- \- \- % Revenue Growth (YoY) \- 7.7% 4.5% 5.8% 5.5% 3.5% \- \- \- EBITDA (USD) 113,570,000 98,204,000 92,577,000 86,735,000 44,695,000 106,760,000 \- \- \- Operating Income (USD) 92,176,000 73,676,000 73,194,000 64,609,000 (1,266,000) 54,840,000 \- \- \- Operating Margin 6.9% 5.1% 4.9% 4.1% (0.1%) 3.2% \- \- \- % EBITDA Margin 8.5% 6.8% 6.2% 5.5% 2.7% 6.2% \- \- \- NET Income (USD) 62,554,000 43,181,000 46,288,000 44,915,000 (23,014,000) 14,877,000 \- \- \- % Net Margin 4.7% 3.0% 3.1% 2.8% (1.4%) 0.9% \- \- \- 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 \- Displaying 1 - 2 of 2 ![Blurred Background](https://images.ctfassets.net/zf87m07ner47/4VUQnnR3NCKdFlk6oh2z7P/1d0c11197592a0a7dd4d947ad5ed8e06/timelinegraphblur.png?h=250) Want to see Employee Count? [Request a demo](https://www.preqin.com/registerinterest/demo) for full access to this profile. ![GoingPro](https://images.ctfassets.net/zf87m07ner47/4txUzmrCNtJdeG2vCXVbZ2/ae67e1e52e96db404934beb79f7b8eea/GoingPro.jpg) ## Time to go Pro Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.