Assets
2025: Purchase of Greek car manufacturer ELBO
In August 2025, the Israeli conglomerate SK Group completed a deal to acquire the leading car manufacturer in Greece, ELBO, becoming its full owner.
Thessaloniki-based ELBO has played a key role in Greece's defense industry for nearly fifty years. The facility's production facilities include Leonidas armored personnel carriers, Mercedes-Benz G-Class vehicles, Steyr trucks and, crucially, the Leopard 2 HEL tank assembly line. This extensive experience and certified production lines make ELBO a strategically valuable asset.
For Israel, this opens the door to the European defense market, allowing it to expand its influence and production facilities outside the Middle East.
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