electrovac AG is the holding of a medium-sized, globally active group with more than 75 years of experience in the design and manufacturing of hermetic glass-to-metal sealed components contributing to save lives.

Hermetic packaging plays an important role in ensuring the reliability and longevity of sensitive electronic devices such as ignition systems, batteries, electronic controls, LEDs, or sensors and is particularly important to encapsulate explosive materials.

Circuits must be permanently protected from external influences such as extreme temperatures up to 450°C, moisture, high pressures up to 2,000 bar or corrosive chemicals like oil, fuel, and saltwater while allowing electrical or optical signals to pass through housings or enclosures.

The electrovac Group supplies more than 250 clients worldwide with customized high-tech solutions ranging from small-batch niche products to high-volume series production.

The technological foundation for the operations of electrovac is glass-to-metal sealing (GTMS). GTMS is a method for producing hermetic seals 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 crucial for safety-critical applications where reliability under extreme conditions is required. Cheaper plastic connections lack reliability to protect sensitive components at a zero-defect-rate. To ensure efficient processes and protect its intellectual property, electrovac maintains a high degree of vertical integration.

In addition to GTMS technology, its core competencies include, in particular, stamped, formed, and machined metal parts, the manufacture of molded glass components, and electroplating.

Products and solutions of electrovac are primarily geared toward the megatrends personal safety, aerospace, and defense.

Applications for Personal Safety focus on developing customized hermetic packages primarily deployed in safety-critical components such as airbag systems, seatbelt pretensioners and other automotive protection systems. Stricter safety regulations worldwide, a catch-up process in countries like China or India and additional applications for e-Mobility support sustainable growth in demand for airbags and associated solutions. Being largely independent of vehicle powertrain technology, allows electrovac to serve both internal combustion and electric vehicles, therefore ensuring broad applicability.

Applications for Aerospace and Defense are used in civil and military aviation, satellite programs, anti-missile systems and selected types of ammunition. Market demand in this field continues to rise, driven by geopolitical developments, NATO rearmament initiatives and substantial global government spending on military equipment as well as an increasing use of satellite technology in civil communications.

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

While GTMS technology always is the foundation behind electrovac’s products, all solutions are custom-designed and developed in collaboration with the customer according to specific requirements. The product offering spans several highly specialized application fields: In Personal Safety, electrovac manufactures critical components such as airbag igniter headers and contact pins.

The Aerospace and Defense portfolio includes robust igniter packages, special and hybrid housings designed for extreme operating environments, transistor headers and sensor sockets. The product portfolio is complemented by packages for electronic control units and battery covers for lithium thionyl chloride batteries.

Given the specific requirements both in the Personal Safety and the Aerospace and Defense business, there is in general ‘zero tolerance’ for errors and defects. Certifications to produce critical equipment and an extensive qualification process at customer sites, together with established production capacities, strong customer relationships, and proprietary manufacturing know-how, thus represent a significant barrier to market entry for competitors.

As one of the very few EN9100-certified (international standard for the quality management systems of companies operating in the aerospace or defense industries) and Nadcap (National Aerospace and Defense Contractors Accreditation Program) accredited suppliers, the electrovac Group is especially well positioned to benefit from Europe´s defense spending upcycle. Offering both commoditized and specialty products, electrovac differentiates itself from multi-industry players as well as from niche market players.

Going public is a strategic decision aimed at further strengthening the organizational structure and opening a sustainable access to growth financing. More immediately, the planned IPO is intended to support a customer-led growth strategy.

Worldwide demand for safety critical packaging processes is growing rapidly and customer needs are highly visible through (decade-)long relationships with all major players and joint development projects. Accordingly, expanding global production capacity is a key focus of electrovac’s growth strategy. Expansion is closely coordinated with customers so that high capacity utilization can be ensured.

The corporate strategy of electrovac is focused on sustainable growth, technological leadership and global market expansion across its core business areas.

In Personal Safety, electrovac aims at expanding its airbag igniter header business by increasing production capacity in Thailand. Initial steps toward setting up a third production line have already been taken, and access to premises for a fourth line has been secured. Following the blueprint of the Thailand site, electrovac further aims to capture local content demand in China, initially focusing on end-production and inspection. The overall expansion strategy is reinforced by customer policies that aim to source roughly equal volumes from the two leading suppliers, providing a stable framework for achieving a strong and balanced market presence.

In the Aerospace and Defense business area, electrovac targets selective growth in safety-critical, high-technology applications with the primary goal to satisfy growing demand from the existing customer base in Europe. A second focus is on the transfer and application of its highly efficient production technology to local US manufacturing to seize additional opportunities through a shift from export model to local content production.

The combination of customer proximity, technological know-how, and application insight will continue to drive high-quality product development and long-term cost efficiencies thus strengthening electrovac’s position as a reliable partner in high-tech industries. The strategy is aimed at expanding the business in the medium term, with a view to exceeding net sales of EUR 150 million and maintaining an EBIT margin level above 12%.

Subject to the availability of distributable profits and distributable funds under German generally accepted accounting principles of the German Commercial Code, electrovac intends to distribute a dividend of 20% of the Group’s consolidated net income in 2026 and on a regular basis thereafter.

This long-term dividend policy is depending on the results of operations of the Company, its business strategy, its financial and profit situation, its liquidity requirements and the legal, tax and regulatory environment as well as other factors. The new Shares will carry full dividend rights for the financial year as from 1 April 2025.

The planned IPO comprises both new and existing shares with targeted net proceeds from newly issued shares of approximately EUR 30 million. T

he majority of the net proceeds from the offering will be used to expand global capacity, including an increase of the production area at the existing site in Thailand, initiating local production in China and securing local access to licenses, facilities and production capabilities in the United States. In addition, continuous research and development activities support the advancement of key technologies and the development of future market solutions.

The Shares are expected to be admitted to trading on the regulated market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) and, simultaneously, to the sub-segment thereof with additional post-admission obligations (Prime Standard).

All material information regarding the company and the planned transaction is included in the approved securities prospectus, which is published on the IPO website. Accompanying press releases will be issued, and BankM AG will prepare a publicly available research report. To receive any further information in due time, please register for our investor relations mailing service.

The planned IPO consists of a public offering in Germany as well as international private placements to qualified investors, creating a substantial free float and liquidity. To promote active trading and balance the interests of both retail and institutional investors from the IPO phase onward, the offering and allocation structure will enable equitable information distribution and broad public access.

Once the subscription period starts, there will be a direct subscription option under www.electrovac.com/en/ipo/direct-subscription/ (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.

Admission to trading of shares on the Regulated Market (Prime Standard) of Frankfurt Stock Exchange is expected to be completed on April 29, 2026 with the listing scheduled for April 30, 2026. At our IPO website you will find all information regarding the next steps in due time. To receive all publications, please register for our investor relations mailing service.

In connection with the Offering, BankM and Metzler Bank are acting as Joint Global Coordinators and Joint Bookrunners.

Upon request, we would be happy to provide you with materials such as logos, photos of the management or our corporate headquarters, as well as product images.