...
Saturday . 10 January . 2026
Breaking Update

Israeli Firm SK Group Completes Takeover of Greek Defense Manufacturer ELVO

Israeli Firm SK Group acquires Greek defense manufacturer ELVO, expanding its global reach and boosting local industry in Europe.

Pesach Benson Breaking News

Jerusalem, 19 August, 2025 (TPS-IL) — Israeli holding company SK Group has acquired full ownership of ELVO, Greece’s leading producer of specialized military and civilian vehicles, marking its first operational base in Europe. SK Group, previously a shareholder, said the move underscores its long-term commitment to Greece by boosting local industry, innovation, and exports.

ELVO is best known for manufacturing Leonidas armored personnel carriers, Steyr trucks, and assembling Leopard 2 HEL tanks for the Hellenic Army.

“We see tremendous potential in ELVO’s infrastructure and legacy,” said SK Group Vice Chairman Ronen Hamudot, adding that the company aims to transform ELVO into a premier global production and export hub.

author avatar
Pesach Benson
Live Breaking Updates

Breaking News Coverage

Real-time breaking news coverage from Israel and the Middle East. Stay informed with the latest developments as they happen.

Saturday, 10 January 2026 Updated continuously
Crime 2 days ago

President of Israel Holds Emergency Conference on Crime in Negev Arab Communities

Israeli President Isaac Herzog convenes Negev leaders for an emergency conference addressing the alarming rise in crime and violence, emphasizing the urgent.

Israel Society 2 days ago

Programs in Artificial Intelligence Training Being Offered to Israeli Reservists

Israel launches AI leadership training for 750 reservists, aiming to bridge wartime knowledge gaps and enhance high-tech industry innovation and productivity.

Disasters 2 days ago

Israel Allocates Millions for Climate Change Preparedness in Local Arab Areas

Israel allocates 16.7 million Shekels ($5.2M) for climate change preparedness in 11 Arab local authorities, including Rahat and Umm el-Fahm, to combat heat.

Business 2 days ago

Israeli Crime Boss Nidal Abu Latif and Others Indicted on Charges Including Extortion and Money Laundering

Israeli crime boss Nidal Abu Latif and 10 others indicted on charges including extortion and money laundering. Covert investigation uncovers offenses against a.

Israel Society 2 days ago

Israel Calls on Its Youth to Join Global Fight Against Anti-Semitism and to Strengthen Ties with World Jewry

Israel calls on youth to join national service fighting anti-Semitism and strengthening ties with world Jewry. Make a real impact in Jerusalem and globally.

Disasters 2 days ago

President Herzog Reopens Kindergarten Destroyed by Hezbollah Rocket at Kibbutz Manara

President Herzog inaugurated a rebuilt kindergarten at Kibbutz Manara, destroyed by Hezbollah rockets, marking a symbol of resilience and renewal for northern.

Crime 2 days ago

Three Israelis Arrested for Destroying Palestinian Property in Samaria

IDF arrests three Israelis for destroying Palestinian property and assaulting a Palestinian near Tulkarm, Samaria, injuring two. Security forces condemn.

Economy 2 days ago

Shekel Exchange Rates End of Day Thursday, January 8, 2025

Bank of Israel sets end-of-day Shekel exchange rates for Thursday, Jan. 8, 2025. See US Dollar, Euro, GBP, and Yen rates, with daily changes against the Israeli.

Politics 2 days ago

Ethiopian Immigrant Program Report 2023-2024

Israel's Prime Minister's Office releases its 2023-2024 report on the Ethiopian Immigrant Integration Program, detailing progress in education and employment.

Politics 2 days ago

PM’s Office: Ethiopian Immigrant Integration Report

Israel's PM's Office publishes 2023-2024 report on Ethiopian immigrant integration, detailing achievements in education, employment, and community resilience.