Zagreb Company Holosys Gets Owner from Powerful Egyptian Group

Lauren Simmonds

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As Poslovni Dnevnik/Marija Brnic writes, the Zagreb company Holosys, a tech group which deals with the production of measuring instruments, has now got a new majority owner, the Slovenian Iskraemeco, seeing it become part of the Egyptian group Elsewedy.

With the announcement of the conclusion of the contract by which this Slovenian company will take over the Zagreb company Holosys, both companies expressed their joint expectations that together they will be able to offer more comprehensive smart solutions for electricity, water and gas, and further expansion in the global market.

Holosys founders Tomislav Lekic, Zoran Zoricic and Ivan Lukacevic have been developing a system for the production of advanced electrical devices based on NB-IoT for remote reading of energy consumption since way back in 2004, which they’ve since placed on more than 50 markets.

Late last year, Russia was included in the list of export markets, where an important step forward was expected, and for a small company that developed with its own solutions, one of the main references is that more than half a million such measuring instruments worldwide are connected through some of their systems.

Thir range includes power supply modules, data acquisition hubs, antenna systems and data processing software.

The Zagreb company Holosys has about 20 employees and like many other companies during pandemic-dominated 2020, their continuous growth of revenues halted. Data for last year hasn’t yet been published yet. They say from Holosys that the movement of income in the period marked by the coronavirus pandemic was certainly marked by global and local trends, with a pronounced disruption of supply chains, which inevitably left an impact on their business.

“The decision to make the Zagreb company Holosys part of the Iskraemeco Group was motivated by strategic development reasons. First of all, through Iskraemeco, Holosys is gaining a strong and experienced partner on the global market, which will increase our market reach. We expect the synergistic effect of complementary technologies and products, and we’ll be able to provide additional quality by expanding the portfolio of our services and raise the user experience to a higher level. This is certainly a great opportunity for the growth of our team and an additional step forward on the international market,” said Tomislav Lekic, the director of Holosys.

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