absolut trade

ELKO closes the deal to acquire Absolut Trading Company

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The international IT distributor ELKO Group has completed the deal to buy 100% of shares of Absolut Trading Company a leading Russian distributor of household appliances and electronics. This acquisition agreement between the companies will expand the reach to the clients, offering them access not only to IT products, but also to household appliances and electronics.

Better Service

CEO of ELKO Group, Svens Dinsdorfs said that the acquisition with Absolut by ELKO Group will enable them to provide their clients with better service and a broader range of products. In addition to its professional team that has immense experience, they have got loyal clients and vendors who would be a dream to work with for any distributor.

President and shareholder of ELKO Group,  Egons Mednis said that the acquisition of Absolut will change their business in Russia, In recent years they have largely expanded their operations in Europe. Within just the last few years, they bought Apple Premium Service shops in the Czech Republic, service centres in Slovakia, a distributor in Sweden Gandalf Distribution  and started developing their business in Poland. However, this does not mean that they are not active in Russia. Over the recent years, they signed a number of very beneficial contracts, which helped them to grow their business in Russia, despite the overall decline in this market. The acquisition of Absolute Trading Company will make a breakthrough possible for them. Now, they can offer their clients everything: from servers and laptops, to fridges and electric kettles.



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