Elco Ltd. is a holding company, which is engaged in initiation, development, management and direction of companies and business ventures. The company operates through following segments: Electra, Electra Consumer Products, and Electra Real Estate. Electra segment is engaged in construction of infrastructure projects and the development and construction of real estate in development, in Israel and abroad; As well as in Israel, in the provision of ongoing management and maintenance services for buildings and facilities, and in the establishment of national infrastructure projects. Electra Consumer Products segment engages in import, manufacture, market and export of air conditioners, as well as import, market, sale and distribution of electric consumer products and providing services for products, operating retail chains for the sale of electric consumer goods. Electra Real Estate is engaged in the acquisition, management and improvement of rental housing complexes in the southeastern United States (Multifamily) and in the income-producing real estate sector and in initiating in Israel and abroad. The company was founded by Georg Salkind in 1949 and is headquartered in Tel Aviv, Israel.