Vision To be the preferred long-term partner on the market.
Mission Our role as a distributor of IT and consumer electronics products is to bring together our partners’ knowledge and make it available to our customers.
Values Cooperation. Progress. Knowledge transfer. Reliability. Passion.
Our brand’s promise Smart growth.
Our personality traits We work openly, dynamically and ambitiously.
The ELKO GROUP story
In 1993, four young IT students started buying components, assembling computers and gaining a substantial share of the very green IT market in Latvia
Within a year, the first distribution agreements were signed with IT industry giants such as Seagate, Western Digital and Samsung. This was the beginning of the rapid growth and regional expansion seen in the following years.
Today, ELKO Group has been a preferred market partner for more than 25 years with more than 1500 employees and a strong regional presence in Europe and Central Asia
Founding of the company in Riga, Latvia.
Opening of subsidiaries in Lithuania and Estonia.
Opening of a subsidiary in Russia.
Opening of a subsidiary in Ukraine.
Opening of subsidiaries in Romania and Slovenia.
ELKO opens a subsidiary in Slovakia by acquiring WESTech, spol. s r.o. This forms the holding company AS ELKO Grupa (ELKO Group).
ELKO Group becomes the largest company in Latvia (by turnover).
ELKO Group becomes the first Latvian company with a turnover exceeding USD 1 billion.
The company’s bonds are listed on the Riga Stock Exchange.
Opening of a subsidiary in the Czech Republic (under the WESTech brand). Acquisition of DL Distributors in Estonia.
Entry into the Global Technology Distribution Council (GTDC). Listing of bonds on the Nasdaq Baltic Bond List.
ELKO enters the Nordic market with the acquisition of Gandalf Distribution AB. It activates a sales force in Poland.
ELKO acquires the Absolut distributor in Russia and Arašid in Slovakia.
Gandalf Distribution AB becomes a wholly owned subsidiary of ELKO Group.