Eltek is a global

electric power conversion In all fields of electrical engineering, power conversion is the process of converting electric energy from one form to another. A power converter is an electrical or electro-mechanical device for converting electrical energy. A power converter c ...

specialist that develops and markets systems for telecommunications and industrial applications. The company is based in Drammen,

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

. As of 2018 it has approximately 2000 employees, with offices in 40 countries.

History

The company dates back to 1970. In 1998 it was listed on the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

. under the name Eltek ASA. In 2007 the company bought the

Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...

-based Valere Power. In 2015, Eltek ASA was acquired by Delta Electronics, was delisted from the Oslo Stock Exchange, and changed its name to Eltek Power Systems AS. It is now simply known as Eltek, and continues as a division of Delta Group.

References

{{Authority control Engineering companies of Norway Companies based in Drammen Electronics companies established in 1970 Companies formerly listed on the Oslo Stock Exchange 2015 mergers and acquisitions 1970 establishments in Norway