Home- Stories -SK Group and Plasan Acquire Greek Company ELVO

SK Group and Plasan Acquire Greek Company ELVO

Arun Sivasankaran - : Jul 7, 2021 - : 3:56 am

Jointly owned by Israeli companies SK Group and Plasan,  Hellenic Vehicle Industry( ELVO) will be officially unveiled at the upcoming DEFEA military exhibition in Athens from July 13-15.

While Plasan offers safer vehicle environments and survivability solutions for defense and security forces, SK Group specializes in global frontline defense, law enforcement solutions, marine infrastructure and property development.  Jointly owned by SK Group and Plasan, ELVO will manufacture advanced wheeled and tracked vehicles as well as protection solutions for various customers, in Greece and worldwide.

“Following a long and meticulous international tender process, the Greek Government selected our bid and business plan, entrusting us with the future of one of the most accredited local companies in the EMEA region,” said Orly Katsav, Chairwoman of ELVO and Deputy Chairwoman of SK Group. “We have already set our plans in motion, investing in infrastructure, technology and recruiting highly-skilled personnel for key positions. We believe that with our experience in defense industry, exports and manufacturing, we will soon affirm the Greek Government’s choice, leading the company forward.”

“SK Group is world renowned, with decades of proven experience in developing, manufacturing, and marketing solutions for the international defense market,” said Dimitrios Angelopoulos, General Manager of ELVO. “Together with Plasan’s rich experience and technological knowhow in the field of vehicle protection, this will enable ELVO to strengthen its presence in Europe, as well as in other regions.”

“Plasan has a successful history with ELVO, having designed and supplied armor hulls in kit form for the Hellenic Army HMMWV – the M1114GR and M1118GR HMMWVs – all of which were assembled by ELVO, and have been serving the Hellenic Armed Forces since 2004,” said Dani Ziv, CEO of Plasan. “We anticipate that our cooperation with the local authorities will continue to be fruitful.”

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