Our role as a distributor of IT and CE products is to bring together our partners’ knowledge and make it available to our customers.
Vision To be a preferred long-term partner in the market.
Mission 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.
Values Collaboration. Advancement. Knowledge sharing. Reliability. Passion.
Brand promise Grow smarter.
Personality Open & Connected. Dynamic & Ambitious.
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 almost 30 years, with more than 1100 employees and a strong regional presence in Europe and Central Asia.
Founded in Riga, Latvia.
Opens subsidiaries in Lithuania and Estonia.
Opens subsidiary in Ukraine.
Opens subsidiaries in Romania and Slovenia.
Opens subsidiaries in Slovakia by acquiring WESTech, spol. s r.o. 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 Kazakhstan.
Opens subsidiary in the Czech Republic (under WESTech brand). 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 Arašid in Slovakia.
Gandalf Distribution AB becomes a wholly-owned subsidiary of ELKO Group.
ELKO Group's turnover exceeds USD 2 billion.
Acquires IT Smart Distribution SRL, a value-added distributor in Romania. Bonds listed on the Nasdaq Baltic First North Market.
The Best Retail Distributor in the Baltics & Nordics
by Context, ChannelWatch 2021
A finalist for Distributor of the Year
The biggest concern in Latvia
by db.lv TOP 500 companies in Latvia, 2019
Egons Mednis President
Svens Dinsdorfs Chief Executive Officer
Vadims Rabša Chief Financial Officer
Mārtiņš Ozoliņš Chief Commercial Officer
Eduards Bezprozvanovs Chief Technology Officer
Lauma Vernere Chief Administrative Officer
Mārtiņš Pavlovskis Chief Regional Officer
Aiga Priede Chief Logistics Officer
Uldis Menģelis Chief Legal Officer
Māra Skudra Chief Marketing Officer