The story
The institute was established in 1951 at the Weizmann Institute of Science, and in 1957 it became a government company. In 1958 it moved into its first offices in Holon. In 2000, the institute moved to its new home in Lod. The owners of the institute are the Government of Israel (99.9%) and Timna Copper Mines Ltd. (0.1%). The Minister of Energy is responsible for the affairs of the institute and, together with the Prime Minister, has the powers specified in the law regarding the affairs of the institute.
The Institute operated the Seismology Division, which collects data and monitors earthquakes in Israel and adjacent area. The division currently operates within the Geological Survey of Israel.
The GII acts as a 'one-stop-shop' for geophysical services in onshore and transition zone exploration and detection underground.
From Wikipedia’s article on Geophysical Institute of Israel, shared under CC BY-SA 4.0.4

