History
Becoming a multi-skilled manufacturing partner of the world's leading Original Equipment Manufacturers
The roots of Incap go back in the history all the way to 1985, when company was registered into trade register with the name Teknoinvest. The company named "Incap" was born in 1992 through the merger of three development companies, Keraspo Oy, Lakespo Oy and Teknoinvest Oy. The name is shortened from the term "Investment Capital" and refers to development companies which had investments in tens of firms operating in several businesses.After Incap was founded, these small companies were reorganised so that at the beginning of 1997 only two companies remained: the electronics contract manufacturer Incap Electronics Oy and the furniture contract manufacturer Incap Furniture Oy.
Incap was listed on the Helsinki Exchanges in spring 1997.
Incap’s current factories have their origin in separate companies. The subsidiaries Elektrostep Oy (presently the Vuokatti factory) and Tilux Oy (presently the Helsinki factory) were merged into Incap Electronics Oy in 1996. In 1999 and 2000 Incap Electronics Oy acquired a part of ABB’s sheet-metal manufacturing business as well as its component manufacturing of synchronous machines (presently the Vaasa factory).
In year 2000, a subsidiary Incap Electronics Estonia OÜ was established in Kuressaare, Estonia, continuing the operations of an electronics factory acquired from Altron OÜ.
Incap Electronics Oy was merged into its parent company Incap Corporation at the end of 2001.
In 2000 Incap took a strategic decision to spin off the furniture business from the Group. The objective was realised in March 2002 when the division was sold to operating management and a group of investors.
In April 2002, Incap combined with JMC Tools Oy, which manufactured machined and high-precision plated RF components for wireless telecommunications networks. In spring 2005, the operations of aluminium machining and plating were sold to Maricap Group.
Incap established a sales office in 2006 in Delhi, India and in April the following year Incap 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 2008, Incap divested its subsidiary Ultraprint Oy located in Kempele Finland to its operating management. The unit focused on the manufacture of chemically-milled sheet-metal products. Ultraprint had become part of Incap in 2002 through the purchase of JMC Tools.
In the beginning of 2010, Incap started planning the transfer of the production in Vuokatti, Finland to Kuressaare Estonia. The manufacturing operations in the premises in Vuokatti were ceased in autumn 2010.
In 2011, Incap established an own purchasing office in Hong Kong, near the leading material and component sources. Furthermore, Incap is cooperating with a Chinese sourcing company.
Today, Incap is a internationally operating contract manufacturer, which is focusing in equipment manufacturing for energy efficiency and well-being sectors. The company’s services cover the entire life-cycle of electromechanical products from design and manufacture to repair and maintenance services .
Two of Incap’s factories are specialised in manufacture of electronics and two in sheet-metal mechanics. All the factories produce also box-build products. Incap operates in Finland, Estonia, India and China.