By 2021 the company’s subsidiaries were active in 17 countries, with more than 21,000 employees, and a production site in Israel where it manufactures air conditioning units and electromechanical equipment.

[9] Alexander's son Gershon (born Georg, in 1928) studied at the Herzliya Gymnasium in Tel Aviv and later at the Swiss Federal Institute of Technology in Zürich.

In 1973, the subsidiary Elco Contracting and Services, headquartered in Herzliya, was established and engaged in the installation of electrical and electromechanical equipment.

In 1991, Elco acquired Electra from CLAL Industries, and expanded its operations into the field of air conditioning, elevators, and contracting.

In January 2017 it was announced that Electra Consumer Products had reached an agreement to buy the cellular network Golan Telecom for ILS 350 million,[16] and the deal was completed in April 2017.

[19] Upon the death of Gershon Salkind in September 2017, his sons Daniel and Michael became the controlling shareholders and were appointed co-CEOs of the company.

[20] In July 2019, Elco acquired Granite Hacarmel, which owns natural gas distributor Supergas, for ILS 770 million.

[22] The products manufactured in the facility will be distributed worldwide by Bosch, according to the report, with the companies expecting to control 10% of the European heat pump market within four years.

Also in 2020, Elco's subsidiary in Poland, Electra M&E Polska, signed an agreement with US electric vehicle manufacturer, Tesla, to perform electromechanical work at its first European production facility, Gigafactory Berlin-Brandenburg,[23] in a deal worth US$80 million.

According to Calcalist, Electra M&E Polska has also completed electromechanical projects for German auto marques Volkswagen, Audi and Mercedes-Benz in deals totaling more than US$75 million.

[24] In January 2021 Electra acquired control of Amnon Mesilot, which owns 100% of Afikim, one of Israel's main bus transport companies, which it rebranded to Electra-Afikim.

[25] In May of the same year the company acquired Egged Ta'avura for ILS 200 million, resulting in it becoming the country's third largest bus operator.

[33] The company operates as a array of subsidiaries, four of which are publicly traded: Founded in 1945, Electra’s main activities are construction, infrastructure and electromechanical systems primarily in Israel and the United States; facilities management, and establishing and developing real estate projects.

[42] Elco allocates US$1 million annually through its subsidiaries to the Gershon Salkind Scholarship Fund to sponsor academic studies for outstanding candidates.