ELKO Group (ELKO Grupa AS) is an international,

Latvia Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of ...

n-based distributor of IT and consumer electronics products in

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

and

Central Asia Central Asia, also known as Middle Asia, is a subregion, region of Asia that stretches from the Caspian Sea in the west to western China and Mongolia in the east, and from Afghanistan and Iran in the south to Russia in the north. It includes t ...

. The company acts as a consultant to partners and as a wholesaler of computer and electronic products. ELKO operates in 31 countries, with sales offices in 11 countries -

Estonia Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, a ...

Lithuania Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania ...

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

Romania Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, S ...

Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, an ...

Slovakia Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

, and

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous ...

. The headquarters of ELKO is located in Riga, Latvia. ELKO was the largest group in Latvia in 2018. ELKO is a member of the Global Technology Distribution Council
GTDC
, the Exporters Association "The Red Jackets" in Latvia, the Latvian Logistics Association, the Latvian Chamber of Commerce and Industry,

History

In 1993, four young entrepreneurs from Latvia founded a business with the intention to provide local retailers with new and upcoming IT products. The next year ELKO expanded in Baltics and opens subsidiary companies in Lithuania (ELKO Kaunas) and in Estonia (ELKO Eesti). In further years ELKO continues its expansion by entering Russian market (office in Moscow), Ukrainian market (office in Kiev), opening subsidiary companies in Romania (Bucharest) – ELKOTech Romania, and Slovenia (Ljubljana) – ELKOTex Slovenia. Further expansion takes place also in Russia, with the foundation of a new subsidiary in St. Petersburg. In 2000 the new subsidiary company was open in Slovakia (Bratislava) and ELKO Latvia Ltd. is founded in Latvia. In order to reorganize the Group's structure and improve corporate governance, ELKO creates holding company ELKO Grupa AS (ELKO Group). In 2005 ELKO Group becomes the largest company in Latvia (by turnover). In 2007 ELKO Group becomes the first Latvian company to reach US$1 billion turnover. In 2017, ELKO entered the Nordic-region market by acquiring Gandalf, a distributor of computers and peripheral products in Sweden. In 2018, ELKO acquired Absolut Trading Company, a Russian distributor of household appliances and electronics. In 2019 the ELKO Group company WESTech, a distributor of IT products in Slovakia, completed the acquisition of ARAŠID. Listed among finalists for Distributor of the Year in European IT and Software Excellence Awards 2020. In 2020 ELKO Group's turnover exceeds US$2 billion

References

External links

ELKO Group WebsiteElectronic Components
Companies of Latvia Companies based in Riga Companies established in 1993 Electronic component distributors 1993 establishments in Latvia Latvian brands {{tech-company-stub