electrovac AG is the holding company of a mid-sized, globally active corporate group with more than 75 years of experience in the development and manufacture of hermetically sealed glass-to-metal components that help save lives.

Hermetic packages play an important role in ensuring the reliability and longevity of sensitive electronic components such as ignition systems, batteries, electronic controls, LEDs, or sensors, and are particularly important for encapsulating explosive substances.

Circuits must be permanently protected from external influences such as extreme temperatures up to 450°C, moisture, high pressure up to 2,000 bar, or corrosive chemicals such as oils, fuels, and saltwater, while electrical or optical signals must be transmitted reliably at the same time.

From niche products in small batches to high-volume series production, electrovac serves more than 250 customers worldwide with customized high-tech solutions.

The technological basis for electrovac’s operations is glass-to-metal sealing technology (Glass-To-Metal-Sealing). GTMS is a method for producing hermetic bonds between glass and metal, used to create electrical feedthroughs in vacuum-tight housings that protect against environmental influences.

GTMS has been used in industry for decades and is essential for safety-critical applications where reliability under extreme conditions is required. Cheaper plastic bonds do not meet the same zero-defect quality standard required to reliably protect sensitive components.

To ensure efficient operations and protect its own IP, electrovac has a high degree of vertical integration. In addition to GTMS technology, other core competencies include stamped, formed, and machined metal parts, the production of glass preforms, and electroplating.

electrovac’s products and solutions primarily address the megatrends of safety, aerospace, and defense.

Personal Safety applications focus on developing customized hermetic packages for safety-critical components such as airbag systems, seat belt pretensioners, and other safety systems used in vehicles.

Stricter safety regulations worldwide, catch-up effects in countries such as China or India, and additional applications for e-mobility are driving sustained growth in demand for airbags and related solutions. electrovac is largely independent of powertrain technology and serves both internal combustion and electric vehicles, ensuring broad applicability.

Aerospace and Defense applications are used in civil and military aviation, satellite programs, missile defense systems, and certain types of munitions. Driven by geopolitical developments, NATO rearmament initiatives, significant global government spending on military equipment, and the increasing use of satellite technology in civilian communications, demand in this area is rising sharply.

In addition to these two strategic areas, electrovac serves various other industries, such as mobility, telecommunications, and medical technology.

While GTMS technology always forms the basis of electrovac’s products, all solutions are individually designed and developed in collaboration with the customer to meet specific requirements.

The product offering spans several highly specialized application areas: In Personal Safety, electrovac manufactures critical components for airbag igniters as well as contact pins. The Aerospace and Defense portfolio includes robust assemblies for fuzes, special and hybrid housings, transistor headers, and sensor housings.

The product portfolio is complemented by housings for electronic control units and battery lids for lithium batteries.

Given the specific requirements, a “zero-tolerance policy” toward errors and defects generally applies in both Personal Safety and Aerospace and Defense. Certifications for manufacturing critical components and a comprehensive customer on-site qualification process therefore represent, together with sufficient production capacity, resilient customer relationships, and in-house manufacturing know-how, a significant barrier to entry for competitors.

As one of the few EN9100-certified (international quality standard for management systems in the aerospace and defense industry) and Nadcap-accredited (National Aerospace and Defense Contractors Accreditation Program) suppliers, electrovac is particularly well positioned to benefit from rising European defense spending. As a supplier of both high-volume and specialized products, electrovac successfully differentiates itself from both conglomerates and niche providers.

The IPO is a strategic decision aimed at further strengthening the corporate structure and securing sustainable access to financing.

In the near term, the planned IPO aims to advance the customer-driven growth strategy. Demand for safety-critical packaging solutions is increasing rapidly worldwide, and thanks to (decades-)long relationships with all key players and joint development projects, customer needs are clearly identifiable.

Accordingly, expanding global production capacity is the focus of the growth strategy. The expansion is closely coordinated with customers to ensure high capacity utilization.

electrovac’s growth strategy focuses on sustainable growth, strengthening technological leadership, and global expansion in the strategic business areas.

In Personal Safety, electrovac intends to expand its airbag igniter business by increasing production capacity in Thailand. Initial steps to set up a third production line have already been initiated, and premises for a fourth line have been secured.

Using the Thailand site as a blueprint, electrovac also intends to meet demand for local content in China, initially limited to final assembly and quality control. The expansion strategy is supported by customers’ dual-sourcing strategy. This aims to source roughly equal volumes from the two leading suppliers, providing a stable framework for a strong and balanced market presence.

In the Aerospace and Defense business area, electrovac is pursuing selective growth in safety-critical high-tech applications, with the primary objective of serving rising demand from its existing customer base in Europe. Another focus is transferring its highly efficient in-house production technology to local manufacturing in the USA. The shift from an export model to domestic production creates additional opportunities that electrovac intends to capture.

The combination of customer proximity, technological know-how, and manufacturing expertise will further drive the development of high-quality products and long-term cost efficiency, thereby strengthening electrovac’s position as a reliable partner to the high-tech industry. The growth strategy aims to expand the business in the medium term to exceed net revenue of EUR 150 million and maintain an EBIT margin of over 12%.

Subject to the availability of distributable profits and distributable funds in accordance with the generally accepted accounting principles of the German Commercial Code (HGB), electrovac intends to distribute a regular dividend of 20% of consolidated net income in 2026 and in subsequent years.

The long-term dividend policy depends on business performance, business strategy, financial position and results of operations, liquidity requirements, the legal, tax, and regulatory environment, and other factors. The new shares are fully dividend-entitled from the fiscal year that began on April 1, 2025.

The planned IPO comprises both new and existing shares, targeting net proceeds from the newly issued shares of approximately 30 million euros. The majority of the net proceeds from the IPO will be used to expand global production capacity.

This includes expanding the production area at the existing site in Thailand, starting local production in China, and securing local access to licenses, equipment, and production capacity in the USA.

In addition, ongoing research and development activities are planned to further develop key technologies and to develop future solution offerings.

The shares are to be admitted to trading on the Regulated Market of the Frankfurt Stock Exchange and, at the same time, to its sub-segment with additional post-admission obligations (Prime Standard).

All essential information about the Company and the planned transaction is available in the approved securities prospectus, which can be accessed on the IPO website.

In addition, accompanying press releases will be published, and BankM will prepare a publicly accessible research study.

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The planned IPO consists of a public offering in Germany as well as an international private placement to qualified investors and is expected to create a substantial free float and high liquidity.

To promote active trading and to ensure that the interests of institutional investors and retail investors are balanced from the IPO onward, the offer and allocation structure will be designed to ensure fair information distribution and broad public access.

From the start of the subscription period, a direct subscription option will be available at www.electrovac.com/ipo/direktzeichnung (in addition to the subscription tool of Deutsche Börse AG), through which all retail investors can place their orders and participate in the IPO, regardless of which broker holds their securities account.

The admission of the shares to trading on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange is expected to take place on April 29, 2026, with trading commencing one day later on April 30, 2026. All information regarding the next steps will be available on the IPO website at the appropriate time. To stay informed about all news, please register here for our investor mailing list.

In connection with the offering, BankM AG and Bankhaus Metzler are acting jointly as Joint Global Coordinator and Joint Bookrunner.

Upon request, we will be pleased to provide image material such as logos, photos of the Executive Board or the company headquarters, as well as product images.