HELSINKI – Incap Corp. signed an agreement to acquire AWS Electronics Group for an undisclosed sum.

AWS is an EMS provider with production facilities in the UK and Slovakia.

Incap currently has production facilities in Estonia and India. Through the acquisition, Incap will widen its portfolio into UK and Central Europe and strengthen its position in geographical areas such as the US and Southeast Asia.

“This acquisition will enable us to serve our customers even better,” said Otto Pukk, president and CEO of Incap. “I am happy to welcome the AWS Electronics team onboard to take the next steps on our growth path. AWS has been growing for many years, and we see a strong fit with Incap. With this long-term, strategic acquisition, we will strengthen our market position and balance our customer base. We are excited to widen our geographic presence and gain a foothold in the UK and Central European markets.”

“I am pleased to see AWS Group step onboard with Incap,” said Paul Deehan, former CEO of AWS Electronics Group. “The combined companies create a very strong player in the electronics manufacturing services market that will allow us to serve our customers in the best possible way. There are also a number of key synergy benefits that mean we will be able to offer our customers a broader and more complete service portfolio.”

AWS Electronics focuses on high-complexity EMS services for industrial controls, medical, automotive, aerospace, scientific instrumentation and controls.

In the financial year ended on June 30, AWS had revenue of GBP 35 million (approx. €41 million) and a staff of 436. The AWS business units will continue to run their operations as an independent unit within Incap.

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