Eltek

Eltek develops, makes and sells electric power supplies. Eltek is 2400 employees and 60 offices in nearly 40 countries. Eltek total revenue in 2013 was 3.7 billion Norwegian kroner. The company is focused on the market of power electronics, is one of leading manufacturers of supply systems for a telecom and actively is fixed in the markets of the systems of industrial power supply and solutions for DPC.

In December, 2014 the Delta Electronics company announced that the Deltronics (Netherlands) B.V company belonging to it. (DEN) purchases Eltek ASA company (Eltek) by a public offer of the redemption of 100% of all stocks of Eltek which are in circulation. The cost of one stock was set at the level of 11.75 Norwegian kroner – thus, the general expected transaction amount was 3.9 billion Norwegian kroner (530 million US dollars). It is expected that process of acquisition will be complete by June, 2015.

This strategic acquisition – a decisive step from Delta Electronics which will allow Delta and Eltek to strengthen the existing platforms of development, sales and global business to provide to clients only the best solutions and services. The company management of Delta Electronics is sure that integration of valuable resources of both companies will be mutually advantageous and will open ways to implementation of the powerful potential capable to strengthen our leadership in the industry and to offer new long-term prospects of growth.