Iskra has acquired 100% of shares in Elka, the largest cable manufacturer in SEE, thus making the second investment in Croatia after acquisition of refitting shipyard (2019) in Šibenik, Croatia. GRUBISIC & Partners acted as the exclusive financial advisor to the management and shareholder of Elka in the transaction process. By the acquisition of Elka, along with the existing investment in the refitting shipyard in Šibenik, Iskra has expanded its market footprint in Croatia through new partnership with strong synergy effects. Long-term plans include new product developments and innovative cable solutions, aiming to expand current customer base and further strengthen long-term cooperation with existing customers. In Iskra, Elka has found a partner which would enable further growth, stability, resource efficiency and know-how, resulting in competitive positioning among global players via development of new technologies and production processes’ optimization.
