Elko Grupa: Difference between revisions
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{{DISPLAYTITLE:ELKO Grupa}} |
{{DISPLAYTITLE:ELKO Grupa}} |
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{{Infobox company |
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| name = ELKO Grupa AS |
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| type = [[Public company|Public]] |
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| foundation = 1993 |
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| location = [[Riga, Latvia]] |
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| key_people = Egons Mednis - President, Svens Dinsdorfs - CEO |
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| industry = IT products and IT solutions |
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| products = [[Computer hardware]], [[software]], [[solutions]], [[services]] |
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| revenue = {{profit}} [[United States Dollar|US$]] 1252 million (2015) |
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| company_slogan = Grow to succeed |
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| homepage = {{URL|http://www.elkogroup.com/}}, |
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{{URL|http://www.solutions.elkogroup.com/}} |
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}} |
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[[Image:Elko logo.png|right]] |
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'''ELKO Grupa''' AS (ELKO Group) is an IT product wholesaler based in [[Riga]], [[Latvia]]. Founded in 1993 the company now operates in nine countries<ref name="Corpweb">[http://www.elkogroup.com/profile/about-elko.html Corporate website]</ref> in the [[Baltic states]], [[Eastern Europe]] and [[Commonwealth of Independent States|CIS]] member states. ELKO Grupa is one of the largest companies in Latvia.<ref>{{ cite web | title = Lursoft official statistics | url = https://www.lursoft.lv/uznemuma-pamatdati/?&SessionId=62FEF33B59CD85285B128C67AA8084FC&lang=EN&aid=EWHFLWICBCMLQSXDWEUYWRDKYCQPKP }}</ref> The company represents more than 90 producers<ref name="Corpweb"/> and sells their goods to more than 7000 retailers,<ref name="Corpweb"/> local computer producers and system integrators. ELKO Group offers more than 20000 product titles<ref name="Corpweb"/> from suppliers including [[Acer Inc.|Acer]], [[Advanced Micro Devices|AMD]], [[Asus]], [[HGST]], [[Intel]], [[Lenovo]], [[Microsoft]], [[Seagate Technology|Seagate]], [[Sony]] and [[Western Digital]]. |
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[[Image:Elko logo.png|left]]'''ELKO Grupa''' AS (ELKO Group) is one of the largest IT product wholesalers and IT solutions and services distributors in [[Baltic States]] and [[Eastern Europe]], now also actively expanding to [[Central Asian]] market.<ref>{{ cite web | title = ELKO CEO interview for The CEO Magazine| url = http://www.theceomagazine.com/business/svens-dinsdorfs/}}</ref> The main two business divisions for ELKO are: providing expertise to partners regarding a variety of solutions and services, and wholesale of computer and electronic products.<ref>{{ cite web | title = ELKO Group at delfi.lv| url = http://www.delfi.lv/temas/elko-grupa/}}</ref> |
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ELKO Group belongs to several legal entities and investment fund Amber Trust.<ref name="Corpweb"/> |
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In 2013 the group's [[Revenue|turnover]] was about 1176 million US dollars.<ref name="Corpweb"/> In 2014 it has more than 700 employees.<ref name="Corpweb"/> It has a customer base of over 7000 retailers,<ref name="Corpweb"/> local computer producers and system integrators. |
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ELKO operates in 10 countries - [[Latvia]], [[Estonia]], [[Lithuania]], [[Russia]], [[Ukraine]], [[Romania]], [[Slovenia]], [[Slovakia]], [[Czech Republic]] and [[Kazakhstan]]. The headquarter of ELKO is located in [[Riga, Latvia]]. ELKO Group is one of the largest companies in Latvia.<ref>{{ cite web | title = Lursoft| url = http://company.lursoft.lv/elko-grupa/40003129564}}</ref> ELKO represents more than 120 IT vendors and sells their goods to more than 6500 retailers, local computer producers and system integrators. ELKO offers more than 20000 product titles from the most famous suppliers - [[Acer Inc.|Acer]], [[Advanced Micro Devices|AMD]], [[Asus]], [[HGST]], [[Intel]], [[Lenovo]], [[Microsoft]], [[Seagate Technology|Seagate]], [[Sony]] and [[Western Digital]]. and others. ELKO Group belongs to several legal entities and investment fund Amber Trust. In 2015 the group’s turnover was 1252 million USD. ELKO Group employs more than 700 employees. |
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==History== |
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In 1993, four young entrepreneurs from Latvia founded a business with the intention to provide local retailers with new and upcoming IT products.<ref>{{ cite web | title = ELKO CEO interview for The CEO Magazine| url = http://www.theceomagazine.com/business/svens-dinsdorfs/}}</ref> The next year ELKO expands in Baltics and opens subsidiary companies in Lithuania (ELKO Kaunas) and in Estonia (ELKO Eesti). IN further years ELKO continue 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. |
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In order to reorganize the Group's structure and improve corporate governance ELKO creates holding company ELKO Grupa AS (ELKO Group). The 1st global partnership event ELKO Convention takes place in Riga in 2002, which brings together the world's leading manufacturers, the media and the company's management. The event becomes a tradition and is held every two years. |
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In 2005 ELKO Group becomes the largest company in Latvia (by turnover). Private equity firms Amber Trust and East Capital acquire 25.5% stake in ELKO Group. In 2007 ELKO Group becomes the first Latvian company to reach 1 billion USD turnover. In 2013 ELKO Group celebrates its 20th anniversary in traditional ELKO Convention. ELKO continues market expansion and opens subsidiary company in Kazakhstan (Almaty) and add Czech Republic as its 10th country.<ref>{{ cite web | title = ELKO Group History at corporate website| url = http://www.elkogroup.com/about-us/history/}}</ref> |
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== References == |
== References == |
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== External links == |
== External links == |
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* [http://www.elkogroup.com |
* [http://www.elkogroup.com/ ELKO Group corporate website] |
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* [http://solutions.elkogroup.com/ ELKO Group Solutions corporate website] |
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[[Category:Companies of Latvia]] |
[[Category:Companies of Latvia]] |
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[[Category:Companies based in Riga]] |
[[Category:Companies based in Riga]] |
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[[Category:Companies established in 1993]] |
[[Category:Companies established in 1993]] |
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[[Category:IT product wholesalers]] |
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[[Category:Solutions and services distributors]] |
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{{latvia-company-stub}} |
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Revision as of 12:49, 18 March 2016
 | This article needs additional citations for verification. (April 2013) |
| Company type | Public |
|---|---|
| Industry | IT products and IT solutions |
| Founded | 1993 |
| Headquarters | Riga, Latvia |
Key people | Egons Mednis - President, Svens Dinsdorfs - CEO |
| Products | Computer hardware, software, solutions, services |
| Revenue |  US$ 1252 million (2015) |
6,581,703 Euro (2023)  | |
| Total assets | 181,627,416 Euro (2023) |
Number of employees | 273 (2023) |
| Website | www |
ELKO Grupa AS (ELKO Group) is one of the largest IT product wholesalers and IT solutions and services distributors in Baltic States and Eastern Europe, now also actively expanding to Central Asian market.[1] The main two business divisions for ELKO are: providing expertise to partners regarding a variety of solutions and services, and wholesale of computer and electronic products.[2]
ELKO operates in 10 countries - Latvia, Estonia, Lithuania, Russia, Ukraine, Romania, Slovenia, Slovakia, Czech Republic and Kazakhstan. The headquarter of ELKO is located in Riga, Latvia. ELKO Group is one of the largest companies in Latvia.[3] ELKO represents more than 120 IT vendors and sells their goods to more than 6500 retailers, local computer producers and system integrators. ELKO offers more than 20000 product titles from the most famous suppliers - Acer, AMD, Asus, HGST, Intel, Lenovo, Microsoft, Seagate, Sony and Western Digital. and others. ELKO Group belongs to several legal entities and investment fund Amber Trust. In 2015 the group’s turnover was 1252 million USD. ELKO Group employs more than 700 employees.
History
In 1993, four young entrepreneurs from Latvia founded a business with the intention to provide local retailers with new and upcoming IT products.[4] The next year ELKO expands in Baltics and opens subsidiary companies in Lithuania (ELKO Kaunas) and in Estonia (ELKO Eesti). IN further years ELKO continue 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). The 1st global partnership event ELKO Convention takes place in Riga in 2002, which brings together the world's leading manufacturers, the media and the company's management. The event becomes a tradition and is held every two years.
In 2005 ELKO Group becomes the largest company in Latvia (by turnover). Private equity firms Amber Trust and East Capital acquire 25.5% stake in ELKO Group. In 2007 ELKO Group becomes the first Latvian company to reach 1 billion USD turnover. In 2013 ELKO Group celebrates its 20th anniversary in traditional ELKO Convention. ELKO continues market expansion and opens subsidiary company in Kazakhstan (Almaty) and add Czech Republic as its 10th country.[5]