The roots of Incap go back in history all the way to 1985, when the company was registered into a trade register with the name Teknoinvest. The company named “Incap” was born in 1992 through the merger of three development companies operating in various industries. The company was then developed further to a contract manufacturer of electronics and furniture, which was listed on the Helsinki Exchanges in 1997.

In 2000, a subsidiary Incap Electronics Estonia OÜ was established in Kuressaare, Estonia, continuing the operations of an electronics factory acquired from Altron OÜ.

Incap established a sales office in 2006 in Delhi, India and the following year the company already had a subsidiary Incap Contract Manufacturing Pvt. Ltd. in Bangalore. Soon after this Incap acquired the contract manufacturing unit of TVS Electronics Ltd. located in Tumkur and the operations were transferred over to Incap as from 1 June 2007.

In 2011, Incap established its own sourcing office in Hong Kong, close to leading material and component sources.

During the years Incap has streamlined its operations, and the production in Finland was divested or transferred to Incap’s factories in Estonia and India. Accordingly, the company has its strategic focus solely on electronic manufacturing services.

In 2020, Incap acquired 100% ownership of AWS Electronics Group, an electronic manufacturing services (EMS) provider specialised in high complexity services with production facilities in the UK and Slovakia. Through this acquisition, Incap widened its portfolio into the UK and Central Europe and strengthened its position in geographical areas such as the USA and South-East Asia.

In 2023, Incap acquired 100% ownership of Pennatronics Inc., an experienced and well-performing EMS company with a top-of-the-line factory in Pennsylvania, USA. The acquisition is in line with Incap’s growth strategy and establishes Incap’s presence in the U.S. market.