Eltek

Last updated

Delta Electronics (Norway) AS
FormerlyEltek AS
Company type Aksjeselskap
Industry Electronics
Founded1971
FounderAlain Fernand Angelil
Headquarters
Drammen
,
Norway
Area served
Global
Key people
Kelvin Huang (Chairman)
ProductsEnergy systems
Transmission systems
BrandsEltek
Revenue NOK 3,808 million (2014)
Owner Delta Electronics
Number of employees
2,378 (2014)
Website https://www.eltek.com/

Eltek is a brand of electric power conversion products for telecommunications and industrial applications, marketed as part of Delta Electronics. The products are developed and sold by Delta Electronics (Norway) AS, which is based in Drammen, Norway. As of 2018, Eltek had approximately 2000 employees, with offices in 40 countries. [1]

History

Eltek was a Norwegian-based company that specialized in designing, manufacturing, and distributing power supplies for various industrial and commercial applications. Founded in 1971, the company initially focused on manufacturing electronic equipment for the military, but later expanded its product line to include power supplies for various applications. In the 1990s, Eltek shifted its focus to the rapidly growing telecommunications industry and found great success. Today, Eltek-branded products are available in over 100 countries, serving customers across industries such as telecom, data centers, power utilities, and transportation.

In 1998, the company was listed was listed on the Oslo Stock Exchange. [2] [3] under the name Eltek ASA. In 2007 the company bought the Texas-based company Valere Power, and changed its name to Eltek Valere AS. [4] [5] [6] In 2011, the company changed its name again to Eltek AS.

In 2015, Eltek ASA was acquired by Delta Electronics, and delisted from the Oslo Stock Exchange. [7] [8] In 2023, the company name changed to Delta Electronics (Norway) AS, with Eltek continuing as a brand within the Delta Electronics organization. [1] Delta Electronics Norway (AS) continues to operate from Drammen, where Eltek was founded and had its headquarters.

References

  1. 1 2 "This is Eltek - an overview". Eltek. Retrieved 24 June 2018.
  2. ↑ Eltek. "History" . Retrieved 12 April 2012.
  3. ↑ Financial Times (30 May 2006). "FT MARKETS: Arcelor and Severstal merger sparks anger".[ permanent dead link ]
  4. ↑ "Norway's Eltek buys U.S. firm for up to $130 mln". Reuters . 16 April 2007. Retrieved 25 June 2018.
  5. ↑ Dagens Næringsliv (16 April 2007). "Eltek med storkjøp" (in Norwegian). Archived from the original on 8 February 2012. Retrieved 25 October 2007.
  6. ↑ The Dallas Morning News (16 April 2007). "Norwegian company to buy Valere Power".
  7. ↑ "Official website". www.eltek.com. Retrieved 13 July 2023.
  8. ↑ "NewsWeb".
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