ELKO Group
Company
Our position
Vision
To be a preferred long-term partner in the market.
Mission
Our role as a distributor of IT & CE products is to link the knowledge of our partners and make it readily accessible to our customers.
Values
Relationships with employees, customers, and partners are our greatest value.
Brand promise
Grow smarter.
Personality
Open & Connected. Dynamic & Ambitious.
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 1000 employees and a strong regional presence in Europe and Central Asia.
1993
1994
1998
1999
2000
2005
2007
2008
2015
2016
2017
2018
2019
2022
2023
Founding of the company in Riga, Latvia.
Opening of subsidiaries in Lithuania and Estonia.
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 Arašid in Slovakia.
Gandalf Distribution AB becomes a wholly owned subsidiary of ELKO Group.
Opens subsidiaries in Hungary. Divestment of Russian operations.
30th Anniversary. Activates sales force in Croatia.
40 000
Products
10 000
Customers
350
Manufacturers
Awards
