ELKO EP

What ELKO EP does

ELKO EP, s.r.o. is a Czech-headquartered designer and manufacturer of electronic relays, timers, and smart building automation systems, founded in 1993 in Holešov and operating under parent company ELKO EP HOLDING, SE. The company sells the iNELS smart building automation platform in three variants - wireless RF (iNELS Wireless), wired BUS (iNELS BUS), and an affordable residential line (iNELS Home) - plus hospitality products (HRESK wireless hotel retrofit, iNELS Hospitality / GRMS), the BJC switches-and-sockets brand (Spain), Inspinia touch panels, the LARA multimedia controller, electronic relays and timers (representing approximately 50% of revenue), and Smart City infrastructure built on LoRA/NB-IoT LPWAN. Technology centers on a fully automated Samsung SMD production line (over 80% of components are SMD) coupled with an ISO/IEC 17025:2018 accredited in-house testing laboratory (No. 1766), which together support quality control, time-to-market, and products certified to GOST, ESČ, UkrSepro, and FCC. Hardware is complemented by iNELS Cloud, the iNELS Bridge gateway for third-party integration, and Matter-protocol compliance via the company's CSA Alliance membership.

The company makes money through B2B hardware sales across five primary segments: residential (iNELS Home), commercial buildings (BMS / iNELS BUS), hotels and hospitality (HRESK, iNELS Hospitality), industrial / OEM (relays, timers, monitoring relays), and smart cities / municipalities (public lighting). Go-to-market combines a direct export department, wholly-owned branch offices in 10 countries (Slovakia, Germany, Poland, Hungary, Ukraine, Serbia, UK, USA, UAE, Qatar), franchises in four additional markets (Bulgaria, Saudi Arabia, Kuwait, India), regional distributors and wholesalers, a B2B e-commerce portal, certified iNELS system integrators, and four physical showrooms (Prague, Brno, České Budějovice, Holešov) plus the iNELS Air demonstration center opened in 2020. Founded and led by Jiří Konečný (recognized as Entrepreneur of the Year 2016), the company is founder-controlled with no institutional investment disclosed; reported revenue is approximately EUR 20M with ~240 employees and exports to more than 70 countries.

Name

ELKO EP

Legal name

ELKO EP, s.r.o.

Website

https://elkoep.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

ELKO EP is a Czech manufacturer of electronic relays and the iNELS smart building automation system (wireless RF, wired BUS, and affordable Home variants), serving residential, commercial, hospitality, industrial, and smart-city customers across 70+ countries via branch offices, franchises, and distributors.

Ownership category

akta.pro rank

Headquarters

HQ city

Holesov

HQ country

Czechia

HQ region

Europe

Offices19 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Electronic Relays and Timers: Sale of electronic timing relays, multifunction relays, monitoring relays, and control devices. Relays represent approximately 50% of company revenue. Sold through direct sales, distributors, and e-commerce.
2. iNELS Smart Building Systems (Wireless RF & Wired BUS): Smart electroinstallation systems for residential, commercial, and industrial buildings. Includes switching elements, controllers, touch panels, sensors, and integration modules. Sold through system integrators, franchise partners, and direct enterprise sales.
3. Hotel and Hospitality Solutions (HRESK / GRMS): Hotel room automation and retrofit solutions (HRESK) and Hotel Bundle management system. Revenue from system sales, installation, and project-based deployments.
4. Building Management System (BMS): Centralized building management and automation solutions. Central units (CU3 series), DALI integration, lighting control, and energy metering.
5. Accredited Laboratory Testing Services: Fee-based EMC testing, climatic testing, and LVD testing services offered to external customers by the accredited testing laboratory (No. 1766).

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

ELKO EP manufactures electronic relays, timers, and a proprietary iNELS smart building automation ecosystem (wireless RF and wired BUS variants) for residential, commercial, hotel, and smart city applications. The company also produces complementary products including BJC switches and sockets, Inspinia touch panels, and LARA multimedia controllers, exporting to over 70 countries from its vertically integrated facility in Holešov, Czech Republic.

Product overview

ELKO EP offers a comprehensive portfolio of electronic relays, timers, and smart building automation solutions. The core product lines include: (1) Electronic Relays and Timers - modular devices including multifunction time relays, monitoring relays, and auxiliary relays for controlling electrical appliances, lighting, heating, motors, pumps and fans; (2) iNELS Smart Building System - available in three variants: iNELS Wireless (RF) for flexible wireless installation, iNELS BUS for wired installations, and iNELS Home for affordable smart home solutions; (3) Hotel Automation Solutions - HRESK for retrofitting existing hotels and iNELS Hospitality (GRMS) for comprehensive hotel management; (4) Smart City Infrastructure - intelligent lighting and IoT solutions using LoRA/NB-IoT; (5) Complementary Products - Inspinia touch panels, BJC switches and sockets, intercoms, and multimedia players like LARA; (6) Matter-compatible devices for cross-platform smart home interoperability. The company exports to over 70 countries worldwide with all development and manufacturing conducted in-house at Holešov, Czech Republic.

Differentiator

Problem solved

Functional benefit

Brands

• iNELS: Smart home and building automation system - develops and manufactures wired and wireless installations for flats, houses, and commercial buildings
• iNELS Home
• iNELS Wireless
• iNELS Hospitality
• HRESK
• BJC
• Inspinia
• LARA

Products and services

• iNELS Smart Building Automation System
• iNELS Wireless (RF) System Wireless (radio frequency) building automation system from the iNELS family for smart home and building control. Enables flexible installation without rewiring, including switching elements, controllers, touch panels, sensors, and integration modules.
• iNELS Home Smart home product line designed for easy installation and affordable pricing, making intelligent home systems accessible to a wider range of residential customers. The line is supported by the new eLAN-204 Smart Gateway.
• HRESK - Hotel Room Retrofit Solution HRESK is a wireless hotel room solution designed for existing hotels where wiring is already installed. It enables smart hotel automation and energy savings (up to 30% on operating costs) without infrastructure changes or rewiring.
• iNELS Hospitality (GRMS) Comprehensive hotel management solution (Guest Room Management System) for new and existing hotels. Controls thermostats, lights, room reservations, elevator systems, and fire safety from a centralized platform, enabling up to 30% operating cost savings.
• Electronic Relays and Timers Comprehensive range of modular electronic devices including multifunction time relays (e.g., CRM-91H), monitoring relays, and auxiliary relays for industrial, residential, and OEM applications. Relays represent approximately 50% of company revenue.
• Smart City Public Lighting Solution Smart city infrastructure solution for municipal public lighting using LoRA/NB-IoT LPWAN connectivity. Includes Base Transceiver Stations, individual light actors, backend server, and adaptive intensity control. Can reduce municipal lighting costs by 35% or more.
• Inspinia Touch Panels Touch panel product line for smart building control interfaces. Complements the iNELS smart building ecosystem with visualization and central control hardware.
• BJC Switches and Sockets Premium switches and sockets product line under the BJC brand with Mediterranean design heritage (100-year-old Spanish brand). Includes LOGUS90 series and other design lines that integrate with iNELS smart home systems.
• LARA Multimedia Player Intelligent multimedia player (LARA 5-in-1) combining internet radio/music playback, videophone, intercom, audio zone control, and connection server supporting up to 64 devices. Supports DLNA media streaming and is deployed in luxury hotel and residential installations.
• iNELS Bridge Hardware Gateway Hardware gateway that enables third-party device integration into the iNELS environment for smart building automation. Allows connection of various IoT devices to the iNELS ecosystem.
• Accredited Laboratory Testing Services Fee-based EMC testing, climatic testing (-40 to 180°C), and LVD testing services offered to external customers by ELKO EP's accredited testing laboratory No. 1766 (ISO/IEC 17025:2018, ILAC MRA mark). First hour of EMC testing priced at €53.10, with additional 30-minute intervals at €26.50.
• iNELS Cloud Platform Cloud-based platform enabling remote monitoring and control of iNELS smart home and building automation systems. Supports centralized management across multiple installations.
• eLAN-RS485/232 Signal Converter Signal converter from RS485/232 to TCP/IP protocol that enables communication with Modbus RTU devices, acting as a master unit with web interface for configuration and control. Used in hotel and building automation deployments.
• CU3-10M Central Unit Latest central unit in the iNELS BUS portfolio, designed as the most versatile and future-ready unit for seamless integration in wired building automation systems.
• eLAN-204 Smart Gateway Smart gateway that combines iNELS Wireless and iNELS Home systems into a unified, intuitive automation center, released in March 2026.

Quantifiable outcome

• Smart public lighting reduces municipal lighting costs by up to 35%
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered flagship, minor and core.

• Al Naboodah Group / SMKA ElectricflagshipStrategic or Co-development Partner · 27 March 2018ELKO EP partnered with UAE-based Al Naboodah Group's SMKA Electric division for smart building and automation solutions in the Middle East. SMKA Electric has 40+ years of experience including Palm Island villa wiring and Dubai Airport Terminal projects. Partnership projected to generate over CZK 400 million in new orders over 3 years. Joint showroom development and continued project collaboration underway.
• Czech Green Building Council (Česká rada pro šetrné budovy)minorStrategic or Co-development Partner · 17 January 2018iNELS Professional s.r.o. became a member of the Czech Green Building Council for 2018. Participation in themed working groups to influence sustainable building standards and smart building trends in Czech construction industry.
• LomaxcoreStrategic or Co-development Partner · 24 October 2017Lomax (largest Czech garage door manufacturer) and ELKO EP developed joint smart home integration. iNELS wireless control integrates with Lomax garage doors enabling remote operation, status monitoring, and security alerts via the iHC mobile app. Partnership announced at FOR ARCH 2017 trade fair.
• BJCcoreTechnology or IntegrationBJC (100-year-old Spanish switches and sockets brand, Av. de la Llana 95-105, Rubí, Barcelona) is a subsidiary/partnership within the ELKO EP Holding. BJC offers design lines of switches and sockets (LOGUS90) that integrate with iNELS smart home systems. CEO: Oscar Embid Balsells. Revenue from BJC products included in ELKO EP portfolio.
• InspiniacoreTechnology or IntegrationInspinia Technology s.r.o. (Palackého 493, Holešov) is a subsidiary within the ELKO EP Holding, specializing in touch panels and visualization solutions for building automation. Director: Koray Duran. Products complement iNELS smart building ecosystem.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Schneider Electric: Global incumbent in building automation, wiring devices, and industrial control. Competes head-on with iNELS in commercial buildings and hotels via the Wiser/KNX/spaceLYnk ecosystem, and with ELKO EP relays via Telemecanique.
• Legrand: Global leader in wiring devices and integrated building systems (Valena Life, Arteor, MyHOME). Comparable to ELKO EP/BJC in switches/sockets and competes via MyHOME/Legrand Smart in residential and hotel automation.
• ABB: Broad-line electrical equipment, industrial control relays, and ABB-free@home / i-bus KNX building-automation systems. Overlaps ELKO EP on industrial relays and on commercial/utility-side smart-building controls.
• Phoenix Contact: Industrial automation, connection technology, and building-infrastructure specialist. Overlaps ELKO EP on industrial relays/control modules and on building-automation I/O for commercial and infrastructure projects.
• Lutron Electronics: US-based leader in lighting controls and residential/commercial shading/automation. Comparable to ELKO EP on smart lighting and hotel-room control segments, with stronger brand in luxury hospitality.

Emerging players

• Shelly Group (Allterco): Bulgarian-listed maker of affordable Wi-Fi/Bluetooth smart relays, sensors and home-automation devices. Direct emerging competitor in the wireless residential retrofit segment where iNELS Wireless and HRESK compete.

Direct peers

• WAGO Kontakttechnik: German manufacturer of interconnect, automation (PLC, I/O), and building-automation products. Competes with ELKO EP on industrial control modules and increasingly in KNX/BUS-based smart-building deployments.
• Finder S.p.A. Italian manufacturer of relays, timers, and smart-building/energy-management products with strong European industrial-OEM and installer channels. Closest direct competitor to ELKO EP's relay portfolio and iNELS-style building-automation range.
• Hager Group: German/European specialist in wiring devices, distribution boards, and KNX-based building automation (Hager Domovea, coviva). Closely comparable mid-sized European player competing for the same electrical installer channel as iNELS.
• Weidmüller: German specialist in industrial connectivity, relays, and building/energy automation (u-link). Comparable on industrial relay/OEM business and on energy-management/automation for buildings and infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@elkoep
• Instagraminstagram.com/elko_ep
• Xx.com/elko_ep

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ELKO EP