Elcor

What Elcor does

Elcor d.o.o. is a privately-held electrical engineering company founded in 2003 and headquartered in Grude, Bosnia and Herzegovina. The company delivers turn-key electrical engineering services up to 110 kV voltage level across four solution areas: solar and wind power plants, electrical engineering (substations, power distribution, cable networks, relay protection, UPS/backup), automation and drives (PLC/RTU systems, frequency converters, energy management), and custom control cabinet manufacturing (control, low-voltage up to 6300A, solar AC/DC, and cable harnesses). Production is certified to EN 61439-1/2/3/5, IEC, UL, and CE standards, and measurement services are authorized by the Federal Ministry of Energy, Mining and Industry.

The firm operates a vertically integrated business model combining professional engineering services, certified hardware manufacturing, and authorized distribution of leading OEM brands. Elcor is the authorized distributor of Siemens AG (10+ year partnership) and Schneider Electric (since October 2023) for the Bosnia and Herzegovina market, and a Fronius System Partner for BiH and Croatia, also distributing Trina Solar and integrating Huawei and SMA equipment for solar projects. Five revenue streams — engineering services, control cabinet manufacturing, equipment distribution, execution and supervision, and wholesale trade — span hardware sales and professional services.

Go-to-market is sales-led with a channel-partner overlay: direct enterprise engagement for complex projects and OEM-branded equipment distribution. Customers are primarily industrial enterprises and renewable-energy developers in BiH, with growing exports of control cabinets to the DACH region and Croatia. Reported outcomes include more than 15 MW of delivered photovoltaic capacity and significant annual control cabinet exports into the EU. The company is founder-owned with no disclosed institutional investors, no public revenue figures, and 11–50 employees.

Name

Elcor

Legal name

Elcor d.o.o.

Website

https://elcor.ba

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Elcor d.o.o. is a Grude, Bosnia and Herzegovina-based electrical engineering firm offering turn-key solutions up to 110 kV — solar and wind power plants, automation, power distribution, and certified control cabinet manufacturing — serving industrial and renewable-energy clients in BiH, Croatia, and the DACH region as an authorized Siemens and Schneider Electric distributor.

Ownership category

akta.pro rank

Product category

Industrial Electrical Engineering

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (33531), Electrical Equipment Manufacturing (3353), Other Electrical Equipment and Component Manufacturing (3359)

SIC

Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

akta.pro secondary industries

Low-Voltage Switchboards & Panelboards (LV distribution panels, MCCs, switchboards) (IMAGAEAA), Electrical Contracting & Wiring (IMAFALAA), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Power Plant I&C / SCADA / DCS EPC (EUAEAAAN)

Keywords

• Electrical engineering services
• Industrial automation solutions
• Low-voltage switchgear
• Solar power plants
• Control cabinet manufacturing

Headquarters

HQ city

Grude

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Equipment Sales and Distribution: Sale of electrical equipment from major brands including Siemens, Schneider Electric, Trina Solar, and Fronius. The company acts as authorized distributor for these manufacturers in Bosnia and Herzegovina, generating revenue through product margins.
2. Engineering Services: Project development (concept, master, execution projects), procurement of electrical equipment, installation and connection, programming and adjustment of programmable devices (PLC, frequency converters, regulators), measurements and tests, commissioning, staff training, and post-implementation assistance.
3. Control Cabinet Manufacturing: Production and sale of control cabinets, low-voltage cabinets, solar cabinets, and cable assemblies. Manufacturing follows strict standards (EN 61439-1/2/3/5) with CE marking. Products exported to EU countries and used in own projects.
4. Execution and Supervision Services: Field work and supervision of electrical assembly works including electric power plants, solar and wind power plants, electrical installations of industrial facilities and buildings, and automation of industrial processes.
5. Wholesale Trade: Wholesale distribution of electrical materials including switches, circuit breakers, relays, sensors, cables, lighting, mounting accessories, photovoltaic systems equipment, compensation equipment, and more through their e-commerce product catalog.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Elcor d.o.o. manufactures custom electrical control cabinets, low-voltage cabinets, solar cabinets, and cable harnesses, and delivers turn-key electrical engineering services up to 110 kV covering design, project execution, automation, measurements, commissioning, and maintenance. The company also operates as an authorised distributor of Siemens and Schneider Electric products and a partner distributor for Trina Solar and Fronius in Bosnia and Herzegovina and Croatia.

Product overview

Elcor is an electrical engineering company offering a vertically integrated portfolio of products and services for industrial automation, renewable energy, and power distribution. The core products are custom-manufactured electrical cabinets (control cabinets, low-voltage cabinets, solar cabinets, and cable harnesses) produced in their own facility. These manufacturing capabilities are complemented by four solution areas: Solar Power Plant Solutions, Electrical Engineering Solutions (covering power up to 110kV), Automation and Drives Solutions, and Wind Power Plant Solutions. Additionally, Elcor operates as an authorised distributor of Siemens AG and Schneider Electric products, and a partner distributor of Trina Solar and Fronius solar equipment. The company provides engineering services as a turn-key offering alongside the cabinet manufacturing business.

Differentiator

Problem solved

Functional benefit

Products and services

• Control Cabinets Custom-manufactured electrical control cabinets for the energy, machine building, and automation sectors, built to UL/IEC/CE standards. Includes conceptual design in EPLAN P8, mechanical assembly, wiring, testing, and optional on-site installation.
• Low-voltage Cabinets Low-voltage power distribution and switching cabinets manufactured to EN 61439-1/2/3/5 standards, including switching blocks up to 3200A and Schneider Electric PrismaSeT 6300 licensed power distribution cabinets up to 6300A.
• Solar Cabinets AC and DC distribution cabinets (string boxes) for solar power plants. AC cabinets rated 800V/3200A; DC cabinets rated 1500VDC/1800A. Compliant with IEC 61439-2.
• Cable Fabrication / Cable Harnesses Custom cable harness assemblies for automotive, mechanical, and electrical industries, including cutting, pressing, assembly, and functional testing, with materials procurement and prototyping.
• Engineering Services Turn-key engineering solutions including concept/master/execution project development, equipment procurement, installation and connection, programming of PLCs/frequency converters/regulators, measurements, commissioning, staff training, and post-implementation support.
• Designing Services Electrical design for control/distribution cabinets, installations, power plants (0.4-110 kV), motor drives, solar plants, and wind farms using EPLAN Electric P8, AutoCAD, PVSol, PVSyst, and DigSilent.
• Execution and Supervision Services Field execution and supervision for electric power plants, solar and wind power plants, industrial electrical installations, and automation of industrial processes and electric drives.
• Measurements and Tests Services Professional measurement and testing services authorised by the Federal Ministry of Energy, Mining and Industry, including electrical protection tests, insulation resistance, grounding, illumination, thermal imaging, and EN50160 energy quality testing.
• Maintenance and Servicing Preventive and corrective maintenance for industrial substations, plants, compensation devices, solar power plants, and wind farms, including annual inspections.
• Solar Power Plant Solutions End-to-end solar power plant services including initial concepts, project documentation, design of battery storage systems, turn-key construction, equipment supply, commissioning, and maintenance, in partnership with Trina Solar, Fronius, Huawei, and SMA.
• Electrical Engineering Solutions Core electrical engineering services up to 110 kV including low-voltage switching blocks, power distribution cabinets, reactive energy compensation, substation design and construction, cable networks, relay protections, retrofit, industrial electrical installations, and UPS/backup power.
• Automation and Drives Solutions Industrial automation services including energy monitoring, process automation, machine automation, PLC/RTU systems, energy management, electric drive automation, and frequency converter commissioning.
• Wind Power Plant Solutions Wind farm development services including project documentation, design of substations and grids, electrical installation, equipment supply, electrical measurements, and maintenance.

Quantifiable outcome

• Successfully implemented more than 15MW of photovoltaic power plants
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Schneider ElectriccoreChannel Partner/ Reseller/ Distributor · 30 October 2023Became official authorized distributor of Schneider Electric for the market of Bosnia and Herzegovina in October 2023. Provides access to latest technologies and solutions including installation systems, power distribution, building management systems, medium-voltage distribution, and industrial automation products.
• Siemens AGcoreChannel Partner/ Reseller/ Distributor · 1 January 2013More than 10-year partnership with Siemens AG as partner and distributor. ELCOR cooperates with Siemens in drive technology, industrial automation, and energy sectors. The company has significant inventory of Siemens equipment enabling quick delivery. Experts regularly participate in Siemens training and certification programs.
• Trina SolarcoreChannel Partner/ Reseller/ DistributorLong-standing and successful cooperation with leading global manufacturer of photovoltaic modules. Trina Solar has delivered 150GW of modules until 2023. ELCOR offers Trina Solar modules including Vertex S+, Vertex S (up to 435Wp), and Vertex (up to 670Wp).
• FroniuscoreChannel Partner/ Reseller/ DistributorFronius System Partner for market of Croatia and Bosnia and Herzegovina. Offers technical support for integration of Fronius products including solar inverters (Primo, Symo, ECO, GEN24 Plus, TAURO), hybrid inverters, water heating equipment (Ohmpilot), and car charging equipment (Wattpilot). Provides on-site repair services.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dalekovod: Croatian power infrastructure EPC company specializing in transmission/distribution lines, substations, and renewable energy construction — directly comparable in service scope and regional footprint.
• Energoinvest: Bosnian power engineering and electrical equipment manufacturer historically active in transformers, switchgear, and EPC for substations and power plants — most directly comparable domestic competitor to Elcor in BiH.
• Elnos Group: Regional electrical infrastructure contractor operating across the Western Balkans in substations, transmission, and renewable BoP — comparable in EPC service scope and customer base.
• Končar Group: Croatian electrical equipment manufacturer and engineering services group with portfolio spanning power transformers, switchgear, renewable energy EPC, and rail — the closest scale and regional peer to Elcor in the Western Balkans.

Broad incumbents

• ABB: Global electrification, automation, and switchgear manufacturer whose product lines (SACE, MNS, System pro M) directly compete with Elcor's LV cabinet and substation offerings, and whose distribution network overlaps Elcor's territory.
• Eaton: Global power distribution and industrial control equipment manufacturer with switchboards, motor control, and energy management products that overlap Elcor's distribution and cabinet portfolio.
• Legrand: Global electrical and digital building infrastructure manufacturer with LV distribution and wiring device portfolios comparable to Elcor's Schneider/Siemens distributed product set.
• Rittal: German global leader in industrial enclosures, power distribution cabinets, and climate control — competes directly with Elcor's cabinet manufacturing and is a reference standard in the DACH region Elcor exports to.

Regional players

• TEP d.o.o. Slovenian electrical contracting and engineering services firm with industrial, energy, and building installation work — comparable service-model peer in a neighboring ex-Yu market.

Emerging players

• Petrol Slovenija (Energy Solutions): Slovenian energy group with growing renewable EPC and distributed solar offerings — comparable in solar BoP EPC and energy services orientation, with adjacent rather than overlapping geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elcor-d-o-o-elektrotehni-ki-in-enjering

Compliance6 records

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 Elcor