Iskra‘s Elka Took over a 50 Percent Ownership Stake in Elkakon

时间： 2024-05-30 来源：ISKRA Official Website

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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.

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本文由三年不鸣转载自ISKRA Official Website，原文标题为:Iskra's Elka took over a 50 percent ownership stake in Elkakon，本站所有转载文章系出于传递更多信息之目的，且明确注明来源，不希望被转载的媒体或个人可与我们联系，我们将立即进行删除处理。

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