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.
Collaboration We bring people together, consolidate knowledge and make big things happen.
Knowledge sharing We willingly share ideas and knowledge, internally and externally.
Reliability We look deeper, provide knowledge and advice. We keep our promises.
Advancement We make the best use of the knowledge we have. We reach for greatness.
In 1993, four young IT students started buying components, assembling computers and gaining a substantial share in, what was then, a very green IT market in Latvia.
Within a year, the first distribution contracts were concluded with giants of the IT industry such as Seagate, Western Digital and Samsung. This was the beginning of rapid growth and regional expansion over the subsequent years.
Today, the ELKO Group has been a preferred partner in the market for more than 25 years, with more than 1500 employees and strong regional presence in Europe and Central Asia.
Founded in Riga, Latvia.
Opens subsidiaries in Lithuania and Estonia.
Opens subsidiary in Russia.
Opens subsidiary in Ukraine.
Opens subsidiaries in Romania and Slovenia.
Opens subsidiaries in Slovakia. Creates holding company AS ELKO Grupa (ELKO Group).
ELKO Group becomes the largest company in Latvia (by turnover).
ELKO Group becomes the first Latvian company whose turnover exceeds USD 1 billion.
Bonds listed on Riga Stock Exchange.
Opens subsidiary in Czech Republic. Acquires business of DL Distributors in Estonia.
Joins the Global Technology Distribution Council (GTDC). Bonds listed on the Nasdaq Baltic Bond List.
Enters Nordic-region market by acquiring Gandalf Distribution AB. Activates sales force in Poland.
Acquires distributor Absolut in Russia and Arašid in Slovakia. ELKO Slovenia moves to a bigger office and warehouse.
Gandalf Distribution AB becomes a wholly-owned subsidiary of ELKO Group.