On 4 December 2025, Incap Corporation announced it had signed an agreement to acquire 100% ownership of Lacon Group, a well-established EMS company with facilities in Germany and Romania:

We are excited to share with you that the acquisition was completed on 19 February 2026 after the approval of applicable regulatory clearances in Germany and Romania. Lacon Group is now a fully owned subsidiary of Incap Corporation, and its financial figures will be consolidated into Incap Group’s reporting as of 20 February 2026.

The Lacon business units will continue operating as highly independent units within Incap Corporation. All your current day‑to‑day contacts will remain unchanged.

For any questions, please feel free to get in touch.

The acquisition supports Incap’s growth strategy by strengthening its position in the defence, railway technology and medical technology sectors, where Lacon Group has established long-standing customer relationships. It also provides a foundation for further expansion in Germany, Europe’s largest EMS market. In addition, the acquisition broadens Incap’s capabilities in design, engineering and original design manufacturing (ODM), enabling stronger support for customers across the entire product lifecycle, from product development and to high-reliability manufacturing.

Founded in 1985, Lacon Group operates from modern and cost-efficient manufacturing facilities in Karlsfeld, Glinde and Boxberg in Germany, as well as in Galați, Romania, with a combined footprint of approximately 21,300 square metres. Lacon Group is an Electronics Manufacturing Services (EMS) and Original Design Manufacturer (ODM) company, offering printed circuit board assembly, cable harnessing, box build, system integration, as well as design, engineering, and testing services. Its strong ODM capability is built on advanced in-house design and development expertise and engineering competence.

Lacon Group has built long-standing relationships with well-established customers and serves a diversified customer base across industries such as defense, aerospace, mechanical engineering and automation, as well as railway technology, medical technology, and electrification technologies.

Lacon Group employs over 600 people, of which more than half are based in Romania. After the acquisition, Incap will provide electronics manufacturing and original design manufacturing services with a total of over 3,000 employees and a footprint of approximately 80,000 square meters in Europe, Asia and North America.