Elko Grupa


ELKO Group is a Latvian-based distributor of IT products in Europe and Central Asia. The company acts as a consultant to partners and a wholesaler of computer and electronic products. ELKO operates in 30 countries, with sales offices in 12 countries - Latvia, Estonia, Lithuania, Russia, Ukraine, Romania, Slovenia, Slovakia, Czech Republic, Sweden, Poland and Kazakhstan. The headquarter of ELKO is located in Riga, Latvia.
Elko was the largest IT and computer technology company in Latvia in 2016.

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 and in Estonia. In further years ELKO continues its expansion by entering Russian market, Ukrainian market, opening subsidiary companies in Romania – ELKOTech Romania, and Slovenia – 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 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.
In 2005 ELKO Group becomes the largest company in Latvia. In 2007 ELKO Group becomes the first Latvian company to reach US$1 billion turnover.