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Elko Grupa
ELKO Group (ELKO Grupa AS) is an international, Latvian-based distributor of information technology (IT) and consumer electronics products in Europe and Central Asia.[1] The company acts as a consultant to partners and as a wholesaler of computer and electronic products.[2] ELKO operates in 31 countries, with sales offices in 13 countries: Latvia, Estonia, Lithuania, Ukraine, Romania, Slovenia, Slovakia, Czech Republic, Hungary, Croatia, Sweden, Poland, and Kazakhstan. The headquarters of ELKO is located in Riga, Latvia.[3][4] ELKO is a member of the Global Technology Distribution Council (GTDC),[5] the Exporters Association "The Red Jackets" in Latvia,[6] the Latvian Logistics Association,[7] and the Latvian Chamber of Commerce and Industry,[8] HistoryIn 1993, four young entrepreneurs from Latvia founded ELKO Group.[1] In order to reorganize the governance, ELKO created a holding company, ELKO Grupa AS. In 2005, ELKO Group became the largest company in Latvia by turnover. In 2007, ELKO Group became the first Latvian company to reach US$1 billion in turnover.[9] In 2017, ELKO entered the Nordic-region market by acquiring Gandalf, a distributor of computers and peripheral products in Sweden.[10][11] In 2018, ELKO acquired Absolut Trading Company, a Russian distributor of household appliances and electronics.[12] In 2019, the ELKO Group company WESTech, a distributor of IT products in Slovakia, completed the acquisition of ARAŠID.[13] The company was listed among the finalists for Distributor of the Year in the European IT and Software Excellence Awards 2020.[14] In 2020, ELKO Group's turnover exceeded US$2 billion.[15] References
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