Lapp expands market presence in Latin America

The aim is to strengthen the company's presence in the strategically important Latin American markets. This acquisition follows the recent integration of the Chinese company Cableforce Electronics. Lapp sees great potential in Latin America, particularly in Brazil, which is characterized by strong industries such as mechanical engineering and renewable energies.

Matthias Lapp, CEO of the Lapp Group, emphasizes the importance of these markets for the company's global growth. The acquisition of Eurocabos, which has a strong sales team and complementary products, enables Lapp to offer its Brazilian customers an expanded portfolio. Financial details of the transaction were not disclosed.