History

Distribution contracts with Dell, Fujitsu, Gear Head, Hewlett-Packard, Hyundai, Micron Technology (representing Lexar and Crucial brands), PocketBook, QLogic, TP-Link and Wexler.
Cooperation expanded with existing vendors both in terms of products and geography. As every year, also during 2012 a number of significant awards has been acquired from the vendors' side (Axis, Supermicro, Intel, Microsoft, Lenovo, etc.) as well as during different industry events.

ELKO Group for 3rd time named as the best distributor in segment of PC assemblers according CRN/RE in Russia, distribution contracts with Lantech, Infortrend, KFA2 and Sony-Optiarc.

Distribution contracts with XEROX, Advantech, LSI storage, QNAP and Mustek. ELKO Group has managed to substantially exceed the showing of previous year as regards both the turnover and profitably. The company’s financial results shows that the enterprise management has adequately reacted to the challenges of the current economic environment, thus providing an effective and well-considered enterprise management even in the current difficult economic conditions. Thereby the ELKO Group has gained an additional confidence among the financial partners - concluded funding agreement with new financial partner - OAO Promsvjazbank (Russia). The newly acquired funding will provide an opportunity to reach new and ambitious sales plans, as well as to retain the leading position in target markets also in the future.

ELKO Group received several awards: The best distributor in Russia & CIS territory (ELKO awarded during annual DISTREE XXL 2010 conference), the best IT distributor for PC assemblers in Russia (according business portal CRN research), etc. This year ELKO Group marked 15-year anniversary with several partners - WD, Samsung, Microsoft and Seagate.

Business reorganization takes place in Lithuania, when ELKO Group JSC commences retail in Lithuania, ELKO Kaunas JSC optimizes its operation and becomes the sales office of ELKO Group JSC in Lithuania.

To foster a common Baltic IT market, ELKO Grupa JSC performs reorganization together with ELKO Eesti. Thus, the uniform ELKO Baltia logistics, IT products management and financing department is formed.

At the end of 2007, ELKO Group JSC becomes the centre of attention in the Latvian world of business as the first Latvian company to reach a billion-USD turnover. Moreover, ELKO reaches its turnover figure – 1,000,000,000 USD – earlier than planned in the company’s business goals. Once again, the ELKO team proves its determination and result-driven persistence. ELKO becomes the largest Intel distributor in Russia.

In order to improve business efficiency and facilitate direction toward the strategic goals of ELKO Group JSC, ELKO Group JSC takes over the business operation of ELKO Latvia Ltd. The company receives two Intel awards for Sales & Marketing.

ELKO Group JSC becomes the largest company in Latvia (by turnover).

Distribution contracts with Sony for Audio/Video products.

Further expansion in Russia, Slovakia and Romania.

The 1st ELKO Group Convention takes place in Riga (currently one of the main IT business events in Europe).

Distribution contracts with Acer and Gigabyte.

ELKO Riga continues conquering the European market. To become closer to its customers, the company commences operation in Slovakia (Bratislava) – WESTech Slovakia.
In order to facilitate further development of the company, in 2000, the decision is made to change the legal status of ELKO Riga Ltd. to Joint-Stock Company ELKO Group JSC. And in order to improve sales in Latvia, ELKO Latvia Ltd. is founded.
Thanks to the persevering, highly professional and dedicated teamwork, ELKO Group JSC gains the image of a leading IT expert in the regions where it is represented, within the first few years of operation.

Europe is increasingly the focus of ELKO Riga Ltd. as well: subsidiary companies are opened in Rumania (Bucharest) – ELKOTech Romania – and Slovenia (Ljubljana) – ELKOTex Slovenia. Expansion simultaneously takes place in Russia, with the foundation of a new subsidiary in St. Petersburg: ELKO SPb.

In order to strengthen its business positions Eastward, ELKO Riga Ltd. also commences sales in the Ukraine (Kiev).

Distribution contracts are concluded with Sony Storage Division.

A distribution contract is concluded with Microsoft.

The company has already reached sufficiently high performance on the Baltic market in order to expand its representation region. ELKO Riga Ltd. makes the decision to start a business in Russia, and an office is opened in Moscow.

With the development of the IT market across all of Baltic States, ELKO Riga Ltd. opens subsidiary companies in Lithuania (Kaunas) – ELKO Kaunas – and Estonia (Tallinn) – ELKO Eesti. It also concludes distribution contracts with Seagate, Western Digital, Sony and Samsung.

In Riga, at the initiative of four young Latvian entrepreneurs, the company ELKO Riga Ltd. is founded, with the aim of providing Latvian retailers with then-uncommon IT products.