Lapp Group takes over JJ-Lapp completely

From left; for the Jebsen & Jessen Group: Per Magnusson, Group CEO, Viktor Leendertz, Group CFO (standing), Heinrich Jessen, Group Chairman. For the Lapp Group: Matthias Lapp, Group CEO, Jan Ciliax, Group CFO (standing), Richard Lee, Asia Pacific CEO, at the signing of the contract.

© Lapp

This acquisition, the largest in Lapp's history, includes the remaining 50 percent of the shares. JJ-Lapp, founded in 2004, has established itself as a provider in Southeast Asia, with locations in Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Its markets include building infrastructure, industrial automation and renewable energies.

Matthias Lapp, CEO of the LAPP Group, emphasizes the strategic importance of the acquisition for growth in a dynamic economic region. Richard Lee, CEO Asia Pacific at Lapp, sees the acquisition as a strategic partnership to accelerate innovation.