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Eltek Establishes Office in Turkey, the Fastest Growing OECD Economy

"Turkey is a large and important market with strategic importance for Eltek," said Colin Howe, CEO of Eltek AS. "We have conducted business with key multinational customers in Turkey for several years, and need a stronger local presence to meet their requirements. A local office will also open new possibilities within telecom and other industries Eltek is operating in."

Like its offices around the world, the Turkey office will be staffed by experienced and trained Eltek personnel to provide a high level of pre-sales and post-sales customer support.

"Turkey has seen a tremendous growth over the last decade and the annual average GDP growth rate in the period 2011-2017 is expected to be 6.7%. This underlines the importance of a strong presence in this market. Besides being an important market on its own, it is also an important bridge between Europe, CIS countries in the region and the Middle East," said Michel Fraisse, European Regional President for Eltek.

About Eltek:

Eltek Valere is a technology leader developing and marketing high-efficiency (HE) power solutions for telecom and industrial applications. The company also has a growing business in renewable markets, such as photovoltaic grid inverters and chargers for electric vehicles. Headquartered in Drammen, Norway, the company's global operations employs approximately 2,600 people, and generated revenue of NOK 3.5 billion in 2010. More information on Eltek is available at: http://www.eltek.com

Eltek
Morten Schøyen, Director Marketing & Communication
tel: +4791517452
morten.schoyen@eltek.com
or
Michel Fraisse, Regional President Europe
tel: +33 6 7508 3058
Michel.fraisse@eltek.com