Scaling Smarter: Why InCap Is Acquiring Lacon Group And What It Unlocks, with CEO Otto Pukk

EMS@C-LEVEL · 10 Dec 2025 · 9m

What this episode covers

InCap CEO Otto Pukk explains the strategic rationale behind acquiring Lacon Group, a German EMS and ODM player with sites in Bavaria, Northern Germany, and Romania. The deal adds roughly €70 million in revenue and balances InCap's portfolio across defense, rail, industrial, and medical sectors while enhancing ODM design capabilities. Pukk highlights how this integration strengthens geographic proximity, engineering depth, and resilience for small-to-mid-volume programs across InCap’s global network. The conversation also covers the broader consolidation trend in European EMS, driven by defense and AI data center demand, and InCap’s focus on cultural integration and operational excellence for 2026.

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