Fidal advises on successful IPO of electrovac AG
Paris, 5 May 2026 – The international law firm network unyer has provided comprehensive legal support to elec-trovac AG on its successful IPO on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange on 30 April 2026.
Under the lead management of Luther Rechtsanwaltsgesell-schaft mbH, two further unyer member firms, Fidal and KWR, participated in the transaction. The electrovac share celebrated its stock market debut on the same day with an opening price of EUR 7.50 per share and a current market capitalisation of approximately EUR 120 million.
The IPO of electrovac AG is an impressive example of cross border collaboration within the unyer network. Luther led the overall mandate and coordinated the work across jurisdictions. Fidal, led by Anne Fréchette-Kerbrat (Partner) and Dr. Nicolas Boucant, conducted the legal due diligence on electrovac’s French subsidi-aries. KWR, represented by Prof. Dr. Jörg Zehetner (Partner) and Mag. Annika Kollar, was responsible for the Austrian subsidiaries. Together, the teams ensured seamless and coordinated advice across all relevant ju-risdictions.
An experienced team from Luther, led by Philipp Dietz and Thomas Weidlich, advised electrovac AG on all key legal aspects of the IPO. The scope of advice included, in particular, a comprehensive legal due diligence of electrovac AG and its domestic and foreign subsidiaries, the drafting of the offering prospectus and man-agement of the approval process with BaFin, the preparation and negotiation of all transaction documenta-tion, as well as corporate law advice in connection with the cash capital increase and all related corporate measures. In addition, the team coordinated the capital markets law requirements for admission to the Prime Standard and ensured full capital markets compliance. The lead underwriters for the transaction were BankM AG and B. Metzler seel. Sohn & Co. Aktiengesellschaft.
electrovac intends to use the gross proceeds primarily to expand its international production capacities, in particular to expand its site in Thailand, establish production in China and invest in the US market. Investments in research and development are also planned.
About electrovac AG:
electrovac AG, headquartered in Salzweg, is a specialist in hermetic enclosures, manufacturing state-of-the-art glass-to-metal sealing products to protect safety- and system-critical electronics. electrovac currently employs around 550 staff at four production sites in Germany, Austria and Thailand and supplies more than 250 customers worldwide. Its bespoke solutions range from niche products in small batches to mass-produced items in large quantities, which find wide application in electronics, sensor technology and actuators. These include safety systems such as airbags and seatbelt pretensioners, specialist solutions for the aerospace and defence industries required in satellite technology or military equipment, as well as numerous other solutions in the mobility and industrial sectors.
