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

- Show: [EMS@C-LEVEL](https://hardwarepodcasts.com/podcast/ems-c-level)
- Published: 2025-12-10
- Length: 9m
- Page: https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo

## Summary

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.

## Chapters

- [0:08](https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo#t=8) Introduction: InCap and the Lacon Group Acquisition
- [1:10](https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo#t=70) Lacon Group Profile: Revenue, Footprint, and Sector Mix
- [2:21](https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo#t=141) Strategic Rationale: Capability, Capacity, and Geography
- [4:25](https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo#t=265) European EMS Consolidation and Market Drivers
- [6:09](https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo#t=369) Cultural Fit and Integration of 600+ Employees
- [7:12](https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo#t=432) Market Outlook: Q4 Strength and 2026 Uncertainties
- [8:26](https://hardwarepodcasts.com/podcast/ems-c-level/2025-12-10-scaling-smarter-why-incap-is-acquiring-lacon-group-and-what-it-unlocks-with-ceo#t=506) 2026 Priorities: Integration, Synergies, and Operational Excellence

## Topics

- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)
- [Manufacturing partners & offshoring](https://hardwarepodcasts.com/topic/manufacturing-partners)
- [Leadership, teams & culture](https://hardwarepodcasts.com/topic/leadership-and-culture)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)

## Most relevant to

companies scaling up

## Mentioned

- InCap (company)
- Lacon Group (company)
- Hansa (company)
- Circor (company)
- Koh Young (company)
- Global Electronics Association (company)

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- [Systematizing Machine Shops to Strengthen National Security w/ Justin Baucum](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2026-02-24-systematizing-machine-shops-to-strengthen-national-security-w-justin-baucum) (The Manufacturing Executive)
- [Proemial Passive Poiesis](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-06-04-proemial-passive-poiesis) (The Amp Hour)

## Citing this page

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