The Alfatech Group is one of Russia’s leading developers and manufacturers of structured cabling systems (SCS) for data centres, industrial facilities and corporate infrastructure.
The transaction closed in May 2026. The consideration has not been disclosed. Alfatech’s current owners and core team retain operational control and will continue to develop the business within Incab Holding as strategic partners in technological and commercial development.
Why Incab is making this deal
We see three key reasons why now is the right moment to enter the SCS and data centre solutions segment:
Global transformation of IT infrastructure for artificial intelligence (AI) workloads. According to industry research from CRU and LightCounting, global demand for optical cable and specialised connectivity components for data centres is growing at double-digit rates, driven by the advance of AI technologies. Next-generation data centre architecture requires a multi-fold increase in fibre optic connection density per server rack. The Russian market is following this global trend with a lag of two to four years.
Structural capacity shortage in the domestic data centre market. In 2025, the rate at which new rack spaces were commissioned in the Russian Federation fell almost threefold against the previous period — from 14,000 to 5,000 units. At the same time, demand for computing capacity from the financial sector, IT companies, industrial enterprises and state corporations continues to grow steadily. The emerging shortage and the accumulation of deferred demand are creating a strong need for prompt supply of reliable, technologically mature infrastructure solutions of domestic manufacture.
Restricted availability and rising cost of imported equipment. The world’s leading manufacturers of switching systems and SCS — including Corning, Panduit and CommScope — have redirected their key resources to serving the largest data centre operators (hyperscalers) in the United States and Asia, effectively ending their presence in the Russian market. As a result, lead times and the cost of foreign equipment have risen critically for domestic customers. These conditions give opportunities for a local player able to offer technologically comparable products without logistics or sanctions risk.
Integrating these assets will allow Incab to close the production chain — from manufacturing optical cable through to creating turnkey pre-terminated data centre solutions, backed by a long-term system warranty of up to 25 years.
Strategic impact for Incab Holding
- Entry into a high-margin project segment (average deal margins are substantially higher than in the traditional cable business).
- Direct access to the largest corporate customers — top-10 banks, IT holdings, the power sector and the public sector.
- A stronger product range through integrated data centre solutions, industrial SCS and specialised cable assemblies.
- Wider geographic reach — Incab’s combined dealer and logistics network plus Alfatech’s client base, with expansion into the CIS and friendly markets.
- Technological depth for the era of AI infrastructure. A joint R&D focus on a proprietary component base, solutions for high-density data centres and support for the next generation of data transmission speeds.
Management commentary
Alexander Smilgevich, Founder and CEO of PJSC Incab Holding:
“The age of artificial intelligence demands the development of optical infrastructure. Every new data centre requires many times more kilometres of fibre and cable assemblies than a previous-generation facility. Russia is not standing aside from this trend, yet it cannot rely on foreign solutions. Bringing Incab and Alfatech together is a step towards creating the country’s first integrated optical infrastructure platform, delivering a complete technological cycle: from the production of trunk optical cable to pre-terminated solutions inside data centre racks. We are grateful to the Alfatech team for deciding to build this story together with us.”
Olga Akinfieva, Director of Corporate Finance and Investor Relations at PJSC Incab Holding:
“
Acquiring control of Alfatech is more than simply entering the fast-growing market for SCS and data centre solutions. It confirms that the Incab Group, alongside strong manufacturing and technological competencies in its traditional market, has mature capabilities in executing transactions that enable a systematic move into promising adjacent segments.
M&A activity, together with diversification of the product portfolio and expansion of our geographic footprint, is a key driver of the Group’s inorganic development and is capable of delivering multiple growth in the scale of the business over the next three to four years. Within the medium term, the integration of Alfatech could add more than 20% to the Group’s consolidated revenue, with the acquired business line operating at a margin above 15%. The principal synergies are expected to come from launching cross-sales, consolidating R&D and combining client bases. This acquisition is the first stage in implementing the Group’s long-term expansion strategy.”
Alexey Arofikin, Co-founder and CEO of the Alfatech Group:
“On behalf of the Alfatech team, we thank Incab Holding for the trust placed in us. The holding’s leading position in optical cable manufacturing, its technological competence and its market coverage will allow Alfatech to strengthen its position in the SCS segment for data centres and open up new opportunities to create integrated, innovative solutions in adjacent fields. Our companies share the same core values — priority on product quality, comprehensive solutions, continuous improvement of manufacturing technology and work at the industry’s leading edge. This creates a solid basis for synergy. We are confident that our cooperation will give a powerful impetus not only to Alfatech’s development, but also to the industry as a whole.”
