Electronics Manufacturing Incap Completes the Acquisition of the Lacon Group

Source: Press release | Translated by AI 1 min Reading Time

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The Incap Corporation, a global provider of Electronics Manufacturing Services (EMS), has completed the acquisition of the Lacon Group. With this, the Finnish company expands its manufacturing capacity and presence in Central Europe. On February 20, 2026, the authorities gave their approval.

Acquisition complete: Finnish Incap has finalized the takeover of EMS manufacturer Lacon.(Image: Gerd Altmann from Pixabay /  Pixabay)
Acquisition complete: Finnish Incap has finalized the takeover of EMS manufacturer Lacon.
(Image: Gerd Altmann from Pixabay / Pixabay)

In December 2025, the Finnish Incap Corporation announced that it had signed an agreement to acquire 100% of the shares in the Lacon Group, an established EMS company with production sites in Germany and Romania. The acquisition was completed on February 20, 2026, after obtaining the necessary regulatory approvals in Germany and Romania. The Lacon Group is now a wholly owned subsidiary of Incap Corporation, and its financial figures have been consolidated into the Incap Group's financial statements since February 20, 2026.

The acquisition supports Incap's growth strategy by strengthening the company's position in defense, railway technology, and medical technology, where the Lacon Group has established long-standing customer relationships. Furthermore, it lays the foundation for additional growth in Germany, the largest EMS market in Europe. Additionally, the acquisition expands Incap's capabilities in design, engineering, and Original Design Manufacturing (ODM), enabling even more comprehensive customer support throughout the entire product lifecycle—from product development to the manufacturing of highly reliable products.

The Lacon Group employs more than 600 people, over half of whom work in Romania. Following the acquisition, Incap offers Electronics Manufacturing and Original Design Manufacturing Services with more than 3,000 employees and approximately 646,000 square feet of production space in Europe, Asia, and North America.

The Incap Corporation is a global full-service provider in the Electronics Manufacturing Services (EMS) sector, supporting customers—from large multinational corporations and mid-sized companies to small start-ups—across their entire value chain, from design and engineering to manufacturing. The Finnish company combines state-of-the-art technology with an entrepreneurial culture and highly skilled employees. It operates in Finland, Estonia, India, Slovakia, the United Kingdom, the USA, Germany, Romania, and Hong Kong, employing over 3,000 people. Incap's stock has been listed on the Nasdaq Helsinki since 1997. (kr)

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