Brief: Incap Corporation Acquires Lacon Group
04/12/2025 10:35
Dec 4 (Reuters) - Incap Oyj ICP1V.HE: INCAP CORPORATION ACQUIRES LACON GROUP, STRENGTHENING ITS POSITION IN THE FAST-GROWING DEFENSE SECTOR AND EXPANDING OFFERING TO DESIGN AND DEVELOPMENT SERVICES LACON GROUP'S REVENUE FOR JAN-OCT 2025 WAS EUR 57.2 MILLION PURCHASE PRICE (I.E. EQUITY VALUE) FOR 100 PER CENT OF SHARES IS EUR 50.0 MILLION, TRANSACTION WILL BE FINANCED WITH INCAP'S OWN FUNDS AND A BANK LOAN OF APPROXIMATELY EUR 30.0 MILLION. ACQUISITION AGREEMENT INCLUDES A POSSIBLE EARN-OUT PAYMENT TO BE PAID TO SELLERS IN 2027, AMOUNTING TO EUR 5.0 MILLION, AT MAXIMUM EARN-OUT IS BASED ON LACON GROUP'S FINANCIAL PERFORMANCE IN 2026 CLOSING OF AGREEMENT IS EXPECTED TO OCCUR IN Q1 OF 2026 TRANSACTION IS ESTIMATED TO HAVE A POSITIVE IMPACT ON INCAP'S REVENUE IN 2026 Source text: ID:nMFN8r5cC7 Further company coverage: ICP1V.HE (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))