Carlsquare advised the Lacon Group (“Lacon”), a well-established EMS company with advanced ODM capabilities and modern facilities in Germany and Romania, and its shareholders on its acquisition by Incap Corporation (“Incap”). The transaction strengthens Incap’s position in the fast-growing defence sector and other attractive industries and expands its offering into design and development services.
Founded in 1985, Lacon is a well established Electronics Manufacturing Services (EMS) and Original Design Manufacturer (ODM) provider, operating modern facilities in Germany and Romania. With 603 employees and a manufacturing footprint of more than 21,000 square metres, Lacon provides PCB assembly, cable harnessing, box build, system integration as well as advanced engineering, design and testing services. It serves longstanding customers in the defence, aerospace, automation, railway technology, medical technology and electrification sectors.
Incap is a global electronics manufacturing services provider with strong capabilities across Europe, Asia and North America. The company serves customers in a wide range of industrial and energy related sectors and continues to expand its presence in the DACH region.
The acquisition allows Incap to integrate Lacon’s advanced engineering and design capabilities, creating synergies in procurement, cross-selling and capacity utilization. Lacon’s strong presence in defence, railway and medical technologies complements Incap’s global footprint and strengthens the combined platform for further growth in Europe’s largest EMS market. Lacon’s management team will continue to lead the business and support the integration into Incap’s international organization.
“Joining Incap is a significant step forward for Lacon Group. Our team has developed specialized expertise and strong customer relationships in Germany and Romania, particularly within the defence sector. As part of Incap’s global organization, we will be able to build on our foundation and pursue new growth opportunities, while continuing to deliver the quality and reliability our customers expect.” – Ralf Hasler, CEO, Lacon Group
“The acquisition opens significant growth opportunities for Incap and creates a solid foundation for further expansion in the DACH area. With this strategic step we are also broadening our offering to include design and development services, expanding our global engineering capacity and enabling us to deliver even more advanced, customer-focused solutions.”– Otto Pukk, President & CEO, Incap Corporation
Carlsquare acted as the exclusive financial advisor to Lacon Group and its shareholders.
