Elco Israel

What Elco Israel does

Elco Israel is a publicly traded Israeli conglomerate (TLV:ELCO) founded in 1949 and headquartered in Tel Aviv-yafo, employing more than 10,000 people. The company operates across four distinct business areas: electromechanical systems solutions, real estate development and construction, investments, and retail appliances. This diversified portfolio spans industrial equipment supply and contracting, long-cycle property development, financial holdings, and consumer durables distribution, serving both enterprise customers and Israeli consumers.

The company's revenue model is correspondingly diversified, combining B2B electromechanical project work, real estate development cycles, investment income, and B2C appliance retail. Reported figures indicate revenue growth from approximately $4.85B in 2021 to $7.07B in 2025, with EBITDA ranging from $217M to $717M over the period and net income swinging from positive ($175M in 2021) to losses in 2023-2024 before a sharp recovery in 2025. This earnings volatility is consistent with a conglomerate exposed to real estate mark-to-market and investment cycles.

Strategic positioning is anchored by long-standing domestic presence, multi-vertical scale, and a brand that has operated continuously for over 75 years. The company's investment vertical suggests a holding-company dimension that may include equity stakes in related or unrelated businesses, while the electromechanical and real estate lines provide project-based revenue streams, and the appliance retail business offers consumer-facing cash flow and distribution reach within Israel.

Name

Elco Israel

Legal name

Elco Israel

Website

https://elco.co.il

Company type

Private

Founded year

1949

Headcount range

5,001–10,000 employees

Short description

Elco Israel is a publicly traded Israeli conglomerate operating across electromechanical systems, real estate development and construction, investments, and retail appliances, serving both enterprise and consumer markets primarily in Israel.

Ownership category

akta.pro rank

Headquarters

HQ city

Tel Aviv-yafo

HQ country

Israel

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Core offering

Elco Israel provides solutions for electromechanical systems, real estate development and construction, investments, and retail appliances. The group operates as a diversified Israeli conglomerate delivering engineering/electromechanical services, property and construction activities, and a consumer appliance retail business.

Differentiator

Problem solved

Functional benefit

Products and services

• Electromechanical Systems Solutions
• Real Estate Development
• Construction Services
• Investment Holdings
• Retail Appliances

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Broad incumbents

• General Electric: Diversified industrial conglomerate with significant electrical equipment and power-systems exposure, broadly comparable to Elco Israel's electromechanical systems pillar under a multi-segment industrial holding structure.
• Whirlpool Corporation: Major global home-appliance manufacturer serving the same consumer demand pool Elco Israel addresses through its appliance-retail business, offering a branded-product benchmark relevant to Elco's appliance distribution arm.
• Siemens AG: Global industrial conglomerate whose Smart Infrastructure / electrical products divisions overlap with Elco's electromechanical systems solutions and whose multi-segment structure mirrors Elco's diversified model.
• Best Buy Co. Large multi-channel consumer electronics and appliance retailer globally; comparable to Elco Israel's appliance retail business in terms of category mix and customer demand profile, though operating in a different geography.

Regional players

• Strauss Group: Tel Aviv-listed Israeli conglomerate with diversified consumer-business holdings, useful as a regional structural comparable for Elco Israel's diversified holding-company model operating in the same domestic market.
• Shufersal: Israel's largest grocery retailer and a major domestic retailer; comparable to the appliance-retail distribution dynamics of Elco's retail appliance arm, both operating from a common Israeli consumer base.

Direct peers

• Africa Israel Investments: Israeli conglomerate with real estate development, construction, and investment holdings — overlapping with Elco's real-estate, construction, and investment segments under a similar domestic-conglomerate structure.
• Ashtrom Group: Israel-based construction and real estate developer with significant building and infrastructure contracting exposure, directly comparable to Elco Israel's real-estate development and construction pillar.
• Electra Ltd: Israeli diversified conglomerate with activities spanning electromechanical contracting, real estate development, and infrastructure — the closest structural analog to Elco Israel's combined electromechanical and construction/real-estate business model.
• Discount Investment Corporation: Tel Aviv-listed holding company with diversified retail, real estate, and equity investments, providing a comparable diversified-holdings template to Elco Israel's multi-pillar strategy.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Elco Israel