With its second strategic acquisition in just a few weeks, Germany-based LAPP Group continues to grow its global presence. Beginning of June, the company had announced the integration of Chinese connectors specialist Cableforce Electronics. Now, the globally leading supplier of integrated solutions and branded products in the field of cable and connection technology expands in Latin America’s largest economy.
Expanding LAPPs Footprint & Offering in Brazil
Matthias Lapp, CEO LAPP Group, says: “LAPP is committed to global growth: We want to supply our high-quality connectivity solutions to customers all over the world. Latin America in general and Brazil specifically are connectivity markets of the future. The economic potential is significant. Among several strong industries such as machine building and Food&Beverage, renewable energies promise to be a big lever in Brazil’s economic development going forward. I see great chances for LAPP.”
Through the acquisition, LAPP further strengthens its ability to serve these markets: “Complementary products, reliable customer relationships, and a strong sales team: EUROCABOS brings a lot to the table and is a great fit for LAPP. Going forward, the two companies will be merged under the LAPP Brazil umbrella. I am very happy that the acquisition is now complete, and we will be able to serve our Brazilian customers with an even broader portfolio”, says Matthias Lapp.
EUROCABOS currently employs over 30 people. Both companies have agreed not to disclose the financial details of the transaction.
LAPP, based in Stuttgart, is one of the leading providers of integrated solutions and branded products in the field of cable and connection technology. The company’s portfolio includes cables and highly flexible wires, industrial connectors and gland technology, customised assembly solutions, automation technology and robotics solutions for the intelligent factory of tomorrow, as well as technical accessories. LAPP’s core market is mechanical and plant engineering. Other important sales markets are the food industry, logistics, the energy sector and mobility.
The company was founded in 1959 and is still entirely family-owned today. In the 2024 financial year, it generated a consolidated turnover of 1.82 billion euros. LAPP employs around 5,700 people worldwide, manufactures at 26 international locations and is active in over 80 countries worldwide.
You can find more information on this topic here: https://www.lapp.com/en/de/news/presse/e/000143
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