What Lacon Embedded does

Lacon Embedded, legally Incap Electronics Germany GmbH, is a German Original Design Manufacturer (ODM) and Electronics Manufacturing Services (EMS) provider headquartered in Karlsfeld near Munich, with additional production capacity in Romania. Founded in 1985 and operating with 501-1,000 employees, the company delivers full-lifecycle electronics services from concept and requirements analysis through hardware/software design, prototyping, PCB assembly, cable confectioning, switch cabinet construction, and series production, all on a 100% in-house manufacturing basis.

Its technical core spans embedded systems and industrial IoT, single board computing platforms (Q7 and COM Express form factors), microcontroller programming across STM, Texas Instruments, Renesas, and Microchip ecosystems with Intel FPGA development, and power electronics including high-voltage and low-voltage DC-DC converters and EV charging technology. Differentiated certifications (DIN EN ISO 9001/14001/45001, EN 13485, IATF 16949, IPC A 610/B 620, ATEX, UL, CCC, AEO) enable access to regulated verticals including e-mobility, railway technology, medical technology, industrial automation, robotics, new energy/smart grid, building automation, and mechanical engineering.

The business model is project-based B2B ODM/EMS revenue with non-public, quote-driven pricing and direct enterprise sales engagement initiated through the website. Customers include ChargeX, qwello, and EAutoLader in EV charging, Terraplasma in medical technology, and Würth ORSY System in industrial IoT. On 20 February 2026 Incap Corporation completed the acquisition of 100% ownership, making Lacon Group a fully owned subsidiary with financials consolidated into Incap's reporting.

Name

Lacon Embedded

Legal name

Incap Electronics Germany GmbH

Website

https://lacon-embedded.de

Company type

Private

Founded year

1985

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Lacon Embedded is a German ODM/EMS provider delivering full-lifecycle embedded systems, power electronics, IoT, and EV charging solutions for enterprise customers across e-mobility, railway, medical, and industrial automation, now operating as Incap Electronics Germany GmbH following its 2026 acquisition.

Ownership category

akta.pro rank

Product category

Electronic Manufacturing Services (EMS) / Original Design Manufacturing (ODM)

NAICS

Relay and Industrial Control Manufacturing (335314), All Other Electrical Equipment and Component Manufacturing (33599), Other Communications Equipment Manufacturing (334290)

SIC

Electrical Industrial Apparatus (3620), Industrial Instruments For Measurement, Display, And Control (3823), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Industrial Electronics Manufacturing Services (EMS) (IMAGAGAA)

akta.pro secondary industries

Embedded & Compute Modules (SoMs, COM Express/SMARC, industrial SBC modules) (IMAGAJAK), Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers) (IMAGAGAI), Ruggedized/Harsh-Environment Electronics Manufacturing (IP-rated, shock/vibration, wide-temp) (IMAGAGAF)

Keywords

• Electronic manufacturing services
• Embedded systems design
• Industrial IoT solutions
• Power electronics manufacturing
• PCB assembly services

Headquarters

HQ city

Karlsfeld

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Original Design Manufacturing (ODM): Custom electronic product design and development services from concept through series production, including hardware/software design, PCB layout, circuit analysis, power supply design, power electronics, IoT services, and mechanical construction. Revenue generated through project-based design fees and subsequent production contracts.
2. Electronic Manufacturing Services (EMS): Full-service manufacturing including PCB assembly, cable confectioning, device and system assembly, switch cabinet construction, and electronics protection procedures. Revenue generated through production volume and manufacturing services.
3. Industrial Engineering Services:

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Lacon Embedded is an Original Design Manufacturer (ODM) and full-service Electronics Manufacturing Services (EMS) provider that designs, engineers, and manufactures embedded electronics, single-board computers, DC-DC power converters, EV charging systems, and IoT-enabled industrial products. It delivers end-to-end capabilities from requirements analysis, PCB layout, firmware/software development, and prototyping through to series production, PCB assembly, cable harness manufacturing, device/system assembly, and full lifecycle support. The company primarily serves European industrial OEMs in e-mobility, railway, medical technology, industrial automation, and IoT/Industry 4.0 sectors.

Product overview

Lacon Embedded (Incap Electronics Germany GmbH) operates as an Original Design Manufacturer (ODM) and Electronic Manufacturing Services (EMS) provider offering a comprehensive portfolio of embedded systems, power electronics, and manufacturing services. The core offerings include Embedded Systems & Industrial IoT, Embedded Platforms SBC (Single Board Computing with Q7 and COM Express modules), Software Development, and Smart-Data-Management using Luminovo AI. Power electronics products encompass High and Low Voltage DC-DC converters, EV charging solutions including EAutoLader, ChargeX, and qwello heat pump systems. Industry-specific solutions include Terraplasma medical technology and the Würth ORSY System fill level sensor for IoT applications. Manufacturing services include PCB assembly, electromechanical assembly, cable harness production, switch cabinet construction, and full lifecycle management including obsolescence mitigation and global sourcing.

Differentiator

Problem solved

Functional benefit

Products and services

• Embedded Systems & Industrial IoT Custom hardware and software development services for specialized embedded computing systems integrated into industrial products for control, monitoring, and IoT connectivity. Targeted at industrial OEMs in automotive, medical technology, and industrial automation.
• Embedded Platforms SBC (Single Board Computers) Single Board Computing solutions in Q7 and COM Express form factors providing compact, energy-efficient, high-reliability embedded computing for industrial and embedded applications.
• Software Development / Industrial Applications Firmware, bare-metal coding, cloud connectivity, and control software development for industrial applications, supporting the full product lifecycle of embedded devices.
• Smart-Data-Management (KI Luminovo) AI-powered smart data management solution leveraging Luminovo technology for industrial data analysis, predictive maintenance, and process optimization.
• High Voltage DC-DC Converter High-voltage DC-DC converter for industrial and e-mobility power conversion applications, designed as part of Lacon's intelligent and controllable DC-DC product family.
• Low Voltage DC-DC Converter Low-voltage DC-DC converter for industrial power conversion, part of Lacon's intelligent and controllable DC-DC product family.
• Charging Technology and Battery Chargers (Ladetechnik und Ladegeräte) Custom charging technology and battery chargers for electric vehicles and industrial battery systems, part of the e-mobility power electronics portfolio.
• Electromechanical Assembly (Elektromechanik) Electromechanical assembly and manufacturing services delivered as part of Lacon's EMS production capabilities.
• Device & System Construction (Geräte- & Systembau) Device and system construction services for assembling finished electronic products.
• PCB Assembly (Leiterplattenbestückung) In-house PCB assembly and population services for electronic assemblies across supported industries.
• Switch Cabinet Construction (Schaltschrankbau) Switch cabinet and control panel construction services for industrial automation and control applications.
• Cable Assembly (Kabelkonfektion) Custom cable assembly and wiring-harness manufacturing for industrial electronics and customer-specific devices.
• Electronics Protection (Schutzverfahren Elektronik) Electronics protection and conformal coating services applied to assembled boards for harsh-environment reliability.
• Life Cycle & Obsolescence Management Product lifecycle management and obsolescence mitigation services supporting long-lifecycle industrial and railway customers.
• Global Sourcing International component sourcing and supply-chain management supporting customer manufacturing programs.

Quantifiable outcome

• 100% in-house manufacturing capability eliminates supply chain dependencies
• +1 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature6 records

Partnerships

One partnership is on record.

• Incap CorporationcoreStrategic or Co-development Partner · 20 February 2026On December 4, 2025, Incap Corporation announced the acquisition of 100% ownership of Lacon Group. The acquisition was completed on February 20, 2026 after regulatory clearances in Germany and Romania. Lacon Group is now a fully owned subsidiary of Incap Corporation, with financial figures consolidated into Incap Group's reporting. The acquisition strengthens Incap's position in defense, railway, and medical technology sectors and expands the company's offering into design and development services.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Others

• Note: Note: Note: Note: Note: Note: Note: Note: Note: Note:

Direct peers

• Hanza: Swedish EMS provider offering full manufacturing and design services to industrial, medical, and cleantech customers across Northern and Central Europe — directly comparable business model and end-market mix.
• Cicor Technologies: Swiss EMS and ODM group with strong presence in industrial, medical, and aerospace electronics. Comparable European mid-market EMS with design services, certifications, and a multi-vertical end-market approach.
• Scanfil: Nordic-headquartered EMS provider with similar mid-market European footprint, industrial and medical customer mix, and project-based ODM/EMS model. Direct comparable on scale, vertical exposure, and go-to-market.
• BMK Group: German EMS/ODM provider headquartered in Augsburg. Overlaps with Lacon on industrial, automotive, and medical electronics manufacturing in the DACH region with a similar in-house manufacturing depth strategy.
• SERO GmbH: German mid-market EMS provider with similar in-house PCB assembly, cable manufacturing, and device assembly services. Directly comparable regional competitor serving industrial and automotive customers.
• Incap Corporation: Finnish-listed EMS provider and now Lacon's parent. Operates in the same EMS/ODM space serving industrial, medical, and rail customers across Europe and beyond, making it the most direct comparable both pre- and post-acquisition.
• RAFI Group: German electronics manufacturer specializing in HMI, embedded systems, and industrial controls. Comparable on embedded/HMI electronics manufacturing for industrial and railway customers in Germany.

Broad incumbents

• Note: Asteelflash (now Universal Scientific Industrial / USI): French-origin, now Asia-headquartered EMS with extensive European operations. Competes with Lacon across industrial, medical, and automotive EMS but at materially larger scale and broader portfolio.
• Phoenix Mecano: Swiss/German industrial electronics and enclosure group with overlapping capabilities in industrial electronics, controls, and power conversion. Comparable in industrial customer base and German engineering footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lacon Embedded