Arms supplier Vincorion aims for stock exchange - Vincorion gears up for 2025 IPO as NATO defence boom fuels growth
German defence supplier Vincorion is preparing to go public on the Frankfurt Stock Exchange in early 2025. The move comes as the company rides a wave of growth, fuelled by rising military spending across NATO. With a strong order backlog and steady revenue increases, the firm sees the IPO as a key step in its expansion.
The company, which specialises in generators, mechatronics, and energy solutions, serves major clients like Rheinmetall and Airbus. Its components are also used in critical air defence systems, including Patriot and IRIS-T.
Vincorion was originally part of Jenoptik until 2022, when it was sold to a British private equity firm. Since then, the company has expanded rapidly, employing around 900 people at sites in Wedel, Altenstadt, and Essen. By the start of 2024, its order backlog had grown to roughly β¬1.1 billion.
In 2023, Vincorion reported revenues of β¬240 million, with an average annual growth rate of 22% projected between 2023 and 2025. CEO Kajetan von Mentzingen has called the upcoming IPO a milestone for the business.
The broader defence sector in Germany has seen a sharp rise since Russia's invasion of Ukraine in February 2022. Military spending has surged, with SIPRI data showing a 23% increase in the past yearβfar above the historical average of 9% during wartime. For 2026, Germany's federal budget allocates β¬108 billion to the Bundeswehr and arms production, the largest rearmament effort since World War II.
This boom has also lifted share prices in the sector. Rheinmetall, for example, has seen its stock climb from around β¬100 to roughly β¬1,600 today.
Vincorion's planned stock market listing reflects the wider growth in Germany's defence industry. With a strong order book and rising demand, the company is positioning itself for further expansion. The IPO will provide new funding as military budgets across Europe continue to increase.
