Elco Ltd Elcobegan Operations In 1949 As A Manufacturer Of Small Distribution Transformersthrough Mergers And Acquisitionsthe Company Has Grown And Diversified Tremendously Over The Yearsand Is Now A Leading Industrial Group With Four Main Subsidiaries Conducting A Wide Range Of Business Activities Generating An Annual Turnover Of Us$2 Billion In 2012Elco Is One Of Israel S Largest Industrial Groupswith A Total Global Workforce Of Over 7 000 Employeesapproximately 75Of The Consolidated Group S Sales Are Generated From Israelwith A Strong Presence In North Americathe Group S Main Areas Of Activity Are Conducted Through Separate Business Units Incorporated Into Distinct Legal Entitiestwo Of These Companies Are Publicly Traded On The Tel Aviv Stock Exchangeallowing Them To Enjoy Complete Operational And Financial Independencealong With The Benefits Associated With Being Part Of A Larger Industrial Groupthese Benefits Include Coordinated Efforts With Respect To Strategic Planningbusiness Developmentmergers And Acquisitionsinvestment Policyrisk Analysis And Allocation Of Resources For Financing
