Iskra‘s Elka Took over a 50 Percent Ownership Stake in Elkakon
ISKRA is pleased to announce that our Elka, the leading producer of electrical cables in the region, has expanded its operations by acquiring a 50% stake in the Croatian company Elkakon. Half of the ownership of Elkakon still remains with Končar-D&ST.
The purchase agreement was signed in Zagreb by Matija Šešok, president of Elka's management board, and Miljenko Hacek and Tihomir Hacek, owners of the Cotra Business Center, which previously held a 50% stake in Elkakon.
The Elkakon company was founded at the end of 2003 and specializes in the production of round and profiled industrial wire for transformers and electric motors.
With this purchase, the Iskra Group expands its cooperation and partnership with the Croatian Končar Group and believes that by combining knowledge and experience, the companies will take advantage of the market potential and create added value.
˝I believe that Iskra and Končar can cooperate more intensively in other areas as well, and I see this takeover as the first step in that direction. Our strategy is to expand through acquisitions of companies with market potential that, in synergy with Iskra, can multiply the added value. In this sense, Croatia is very interesting for us because of its proximity, knowledge of the market and good experience with the companies we have taken over so far." said Dušan Šešok, director and majority owner of Iskra.
- +1 Like
- Add to Favorites
Recommend
- Kinghelm KH-A2508-04AB Screw Terminal: Revolutionizing Industrial Electrical Connections
- Kinghelm KH-XH-10A-Z Connector: Rated for 3A, Can Ensure Stable and Reliable Transmission of Electrical Signals
- GRL Supplied 40,000 Busbar System Adapters in 8,000 Cable Branch Boxes, Built a Better Electrical Control System for Farmland Irrigation
- GRL Offers the new HD11F-200A knife switch, Meet the Electrical Performance of the Distribution Boxes of China Southern Power Grid projects
- Secure Your Electric Future: Introducing Johnson Electric‘s EV Locking Actuator Built for Reliability and Durability
- GRL Partnership with SEC in Electric Distribution Accessories
- Laird Thermal SystemsLaunches the OptoTEC™ MBX Series, a New Line of Micro Thermoelectric Coolers for High-performance Space-constrained Optoelectronic Applications
- The Application of CW32F030 Series MCU in Electric Welding Machines
This document is provided by Sekorm Platform for VIP exclusive service. The copyright is owned by Sekorm. Without authorization, any medias, websites or individual are not allowed to reprint. When authorizing the reprint, the link of www.sekorm.com must be indicated.