“Globes” has realized that the protection firm DSIT Options, managed by Rafael Superior Protection Programs, is looking for to benefit from the surge in curiosity within the protection market to maneuver ahead with an IPO on the Tel Aviv Inventory Change (TASE) at an organization valuation of NIS 200-250 million, earlier than cash. The corporate would hope to boost about NIS 50 million, which can be channeled into the corporate’s coffers for funding.
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DSIT has developed an underwater surveillance system that detects, classifies and tracks underwater threats, from divers to submarines and ships, meant, amongst different issues, for the safety of strategic belongings like communication cables, pipelines, rigs, ports, and many others. The corporate, which was based over three a long time in the past, additionally offers anti-submarine warfare (ASW) techniques and underwater communication techniques.
Authorities-owned Rafael has a 50% stake in DSIT, together with businessmen Mani Wasserman and Dany Sides. In 2016, Rafael acquired its controlling stake in DSIT from US vitality firm Acorn Power, at an organization valuation of $15 million. Two years later, Wasserman and Sides bought the remaining shares at an identical valuation.
Comfort for lacking out as head of the Shin Guess
DSIT president is Vice Admiral (res.) Eli Sharvit, a former commander of the Israel Navy. Sharvit’s identify made headlines after Prime Minister Netanyahu introduced his appointment as head of the Shin Guess in March, after he started the method of dismissing then-head of the Shin Guess, Ronen Bar. Nonetheless, Netanyahu withdrew the appointment the following day on account of strain from the fitting, following Sharvit’s participation in protests towards the judicial reform in 2023.
Along with his position at DSIT, Sharvit serves as chairman of renewable vitality firm Golden Power Energy, which listed on the TASE final yr by way of a merger with the Web Gold inventory trade shell.
DSIT CEO is Shmuel Farbiyash, who earlier than his appointment held senior positions in Elbit Programs ICT and Cyber Division.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 22, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
