Exit: Hannover Finanz sells Lacon Group to Incap

Munich/ Helsinki (Finland) — McDer­mott Will & Schulte has advi­sed Hanno­ver Finanz Group and the other share­hol­ders on the sale of Lacon Group to the Finnish Incap Corpo­ra­tion. The closing of the tran­sac­tion is subject to foreign direct invest­ment appr­ovals in Germany and Roma­nia and is expec­ted to take place in the first quar­ter of 2026. 

The Lacon Group, head­quar­te­red in Karls­feld, is a leading EMS provi­der with over 700 employees at seve­ral loca­ti­ons in Germany and Roma­nia. The group deve­lops, opti­mi­zes, manu­fac­tures and repairs elec­tro­nic and elec­tro­me­cha­ni­cal assem­blies. Hanno­ver Finanz acqui­red a majo­rity stake in Lacon in 2019. 

The family-run Hanno­ver Finanz Group has been an equity part­ner for medium-sized compa­nies in the DACH region since 1979. The invest­ment port­fo­lio curr­ently compri­ses 35 compa­nies with over 15,000 employees and sales of more than 4 billion euros. 

Incap, head­quar­te­red in Helsinki, is a full-service provi­der in the field of elec­tro­nics manu­fac­tu­ring. The company has subsi­dia­ries in Finland, Esto­nia, India, Slova­kia, the UK, the USA and Hong Kong and employs around 2,500 people. The acqui­si­tion is inten­ded to acce­le­rate Incap’s growth stra­tegy by streng­thening its posi­tion in the defense, rail­road and medi­cal tech­no­logy sectors, in which the Lacon Group has renow­ned customers. 

The McDer­mott team led by Holger Ebers­ber­ger last advi­sed the Lacon Group on the acqui­si­tion of Montro­nic GmbH & Co. KG in 2024.

Advi­sor Hanno­ver Finanz GmbH: McDer­mott Will & Schulte, Munich

Holger H. Ebers­ber­ger, LL.M., Dr. Thomas Diek­mann, Foto (Coun­sel; both lead), Alex­an­dra Prato (Coun­sel; all Private Equity), Carina Kant (Anti­trust Law, Düsseldorf/Cologne), Dr. Florian Schie­fer (Tax Law, Frank­furt); Asso­cia­tes: Tobias Thie­mann, Nicole Kaps, Julia Külzer, Parsin Walsi, LL.M. (all Private Equity), Max Kütt­ner (Anti­trust Law, Düsseldorf)