What AFCON Control and Automation does

Afcon Holdings Ltd. (TASE: AFHL) is an Israeli publicly traded diversified infrastructure and technology group operating under the Shlomo Group conglomerate. Founded in 1948 and headquartered in Petah Tikva, Afcon employs approximately 1,300 workers across more than 20 wholly-owned subsidiaries spanning construction, control and automation, fire detection, security, telecom and multimedia, renewable energy, water technologies, recycling, electric transportation, parking systems, and concession operations. The group delivers end-to-end EPC (Engineering, Procurement, Construction) projects that integrate multiple engineering disciplines under a single contract, primarily for government entities, utilities, municipalities, and commercial/industrial clients in Israel, with expanding operations in Poland and select European markets.

Afcon's revenue model combines several streams: one-time EPC project contracts (typically procured through public tenders), hardware and system sales (fire detection, control and automation, security, parking, telecom and EV charging equipment), trade and distribution through subsidiaries ATEKA and RBS Telecom, recurring service and maintenance contracts on installed systems, and ongoing renewable energy production revenue from solar, wind, and battery energy storage assets. Disclosed contract wins include a ~$56 million battery energy storage tender from the Israel Electric Corporation and a Poland renewable energy pipeline of approximately 260 MW, with a 2.5 billion NIS order backlog as of Q1 2026.

Recent financial performance shows accelerating momentum: FY2025 net profit of 83 million NIS with operating profit up approximately 50% and EBITDA up approximately 33% year-on-year; Q1 2026 net profit of 25 million NIS, an 82% increase year-on-year. Shareholders' equity stood at approximately 658.4 million NIS in Q1 2026, with Migdal Insurance holding an 8.7% stake following a ~45 million NIS investment. Despite this growth and a 75+ year operating history, Afcon does not publicly disclose AI/ML capabilities as a differentiated element of its automation portfolio.

Name

AFCON Control and Automation

Legal name

Afcon Holdings Ltd. (אפקון החזקות בע"מ)

Website

https://afcon.co.il

Company type

Public

Founded year

1948

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Afcon Holdings (TASE: AFHL) is a 75+ year-old Israeli publicly traded infrastructure and technology group, part of Shlomo Group, delivering integrated EPC projects in construction, control and automation, fire safety, security, telecom, renewable energy, water, and EV infrastructure for government, utility, and enterprise clients in Israel and Poland.

Ownership category

akta.pro rank

Product category

Infrastructure Construction & Engineering Services

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Relay and Industrial Control Manufacturing (335314)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Auto Controls For Regulating Residential & Comml Environments (3822), Electrical Industrial Apparatus (3620), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Control System Integration & Engineering Services (Design, Commissioning, Retrofits) (IMAGABAK)

akta.pro secondary industries

Instrumentation, Controls & Automation (DCS/PLC/SCADA, SIS, Metering) (EUAEAFAC), Safety Instrumented Systems & Machine Safety Control (SIS, Safety PLCs, Relays) (IMAGABAF), Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

Keywords

• Control automation systems
• Infrastructure construction
• Fire safety systems
• Renewable energy projects
• Building management systems

Headquarters

HQ city

Petah Tiqva

HQ country

Israel

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Infrastructure & Construction Projects: Afcon derives significant revenue from large-scale infrastructure and construction projects, including building systems, electrical infrastructure, and multi-system construction. Projects range from commercial buildings to energy facilities and are typically EPC (Engineering, Procurement, Construction) contracts.
2. Technology Products & Systems: Sale and installation of technology products including fire detection, control & automation, security, parking systems, telecom equipment, and water technologies. These are sold as integrated systems to enterprise and government customers.
3. Trade & Distribution: Through subsidiaries ATEKA and RBS Telecom, Afcon trades and distributes technology products and telecom equipment in Israel.
4. Service & Maintenance: Afcon provides ongoing service, maintenance, and operational support for installed systems, generating recurring service revenue.
5. Renewable Energy Assets: Afcon develops and holds renewable energy projects (solar, wind) in Israel and Poland that generate ongoing energy production revenue.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

AFCON Control and Automation is a diversified infrastructure group that designs, builds, integrates, and maintains electromechanical, control and automation, fire safety, security, telecom, and renewable energy systems for utility, commercial, industrial, and public-sector projects. It delivers end-to-end project execution spanning construction, system integration, and ongoing operation and maintenance across Israel and select international markets.

Product overview

Afcon Holdings (AFCON) is a diversified infrastructure and technology group operating under the Shlomo Group. The company offers a comprehensive portfolio organized into multiple divisions: (1) Electric Transportation - EV infrastructure solutions; (2) Environment & Sustainability - including Renewable Energy, Water Technologies, and Recycling business units; (3) Telecom & Multimedia - comprising Gal-Net, DM Engineering, Tadiran Telecom TBSI, and Tadiran Telecom TTL; (4) Technologies - including Fire Detection, Control & Automation (MANM), Security, Buildings Control and Industry, GM Security, Parking Systems, Software, and MAGOS; (5) Projects & Infrastructure - covering Construction, Systems, and Manufacture operations; (6) Trade - with ATEKA Ltd. and RBS Telecom subsidiaries; (7) Service & Maintenance; (8) Concession; and (9) Afcon Energy. The group has been operating for over 75 years, employs approximately 1,300 workers, and specializes in executing comprehensive infrastructure projects with a project portfolio valued at NIS 2.5 billion. The company also maintains an innovation division (Afcon Innovations) focused on partnerships and investments in technological startups.

Differentiator

Problem solved

Functional benefit

Brands

• Afcon Control & Automation: Control and automation systems division of Afcon specializing in building management and industrial automation solutions
• Afcon Fire Detection
• Afcon Security
• Afcon Buildings Control and Industry
• Afcon Parking Systems
• Afcon Water Technologies
• Afcon SWS
• GM Security
• Afcon Renewable Energy
• Afcon Electric Transportation
• Afcon Energy
• Tadiran Telecom
• Gal-Net
• DM Engineering
• ATEKA
• RBS Telecom
• Afcon Construction
• Afcon Systems
• Afcon Manufacture
• Sherut Hogen
• MAGOS
• Afcon Recycling

Products and services

• Control and Automation Systems (MANM) Design, integration, and deployment of control and automation systems for industrial and infrastructure processes, targeting utility, industrial, and infrastructure operators.
• Fire Detection and Firefighting Systems
• Security and Surveillance Systems
• Building Management Systems (BMS)
• Renewable Energy (Solar PV) Projects
• Electric Transportation (EV Charging) Infrastructure
• Water Technologies
• Parking and Traffic Management Systems
• Telecom and Multimedia Solutions (Tadiran)
• Construction and Infrastructure Services

Quantifiable outcome

• Order backlog grew from 2.1 billion NIS (Q1 2025) to 2.5 billion NIS (Q1 2026), a ~19% increase.
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Libra Group (Netherlands)coreStrategic or Co-development Partner · 1 January 2023Dutch Libra Group joined Afcon's energy activity in Poland as a partner in several renewable energy projects with a combined capacity of 120 MW. This partnership strengthens Afcon's local presence and execution capability in the Polish energy market.
• Afcon Innovation (Start-up Investment Arm)minorStrategic or Co-development PartnerAfcon Innovation is the group's internal startup investment and partnership vehicle, creating relationships with technological startups in areas aligned with Afcon's strategic focus.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Schneider Electric SE: Specializes in industrial automation, building management, and energy management solutions, sharing Afcon's positioning at the intersection of electrification, automation, and integrated energy projects.
• Siemens AG: Global industrial automation and smart-infrastructure incumbent. Overlaps with Afcon across building automation, industrial controls, energy management, fire safety, and security, but at vastly greater scale and with broader geographic reach.
• ABB Ltd: Global leader in industrial automation, electrification, and motion/control; competes with Afcon in process automation, control-system integration, and energy-facility instrumentation across the same industrial customer base.
• Honeywell International Inc. Operates Building Technologies, Industrial Automation, and security businesses that directly mirror Afcon's MaNaM controls, fire detection, and security-systems divisions, alongside broader aerospace and energy portfolios.
• Johnson Controls International plc: Building automation, HVAC controls, fire detection, and integrated security provider; Afcon's MaNaM building-management suite covers the same scope (fire, security, parking, water) at a regional scale.

Regional players

• Electra Ltd: Israeli infrastructure and construction conglomerate that competes with Afcon on large-scale public-building and infrastructure tenders inside Israel, sharing customer set (government, municipalities) and EPC delivery model.
• Shikun & Binui Ltd: Israeli construction, infrastructure, and renewable-energy group; overlaps with Afcon's renewable-energy project development in Israel and abroad and competes for the same public infrastructure mandates.

Direct peers

• Magal Security Systems Ltd: Israeli physical-security solutions provider (perimeter detection, video, command-and-control); competes with Afcon Security and GM Security subsidiaries in Israeli and international security-systems tenders.
• Yokogawa Electric Corporation: Process automation, control systems, and instrumentation supplier with strong penetration in energy and industrial plants; comparable to Afcon's control-and-automation EPC scope within energy-facility projects.
• Rockwell Automation Inc. Pure-play industrial automation and control-systems company; competes most directly with Afcon's industrial controls and systems-integration business for manufacturing and infrastructure clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries25 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AFCON Control and Automation