The Slovenian Iskra company will take over the Croatian Elka electric cables producer. The transaction will be carried out upon fulfillment of conditions, including approval of regulators for the protection of market competition in the two countries.
“Iskra continuously invests in research and development of new products to implement new technologies and innovative solutions, which we will certainly apply, as the new owners, in the further development of the Elka company which we are taking over,” said Iskra director and majority owner, Dušan Šešok
For the Iskra Group, the acquisition of Elka is the second significant investment in Croatia since 2019, when it acquired the Repair Shipyard Šibenik.
