Lapp Group buys CEAM and Fender
The Stuttgart-based Lapp Group, the leading supplier of integrated solutions and branded cable and connection technology products, has acquired CEAM CaviSpeciali. The company hires 110 employees in Monselice, Italy, and is one of the leading European manufacturers of data cables for industrial Ethernet and fieldbus network systems. Lapp has also acquired SC Fender Cables, a company employing 20 members of staff in Cluj-Napoca, Romania. It specialises in cables for alarm and fire protection systems and, along with CEAM, was part of COFIMA Holding. “The acquisition of CEAM strengthens Lapp’s leading role in industry-standard data communication systems. Lapp has thus attained additional expertise and manufacturing capacities, especially in the fast-growing industrial Ethernet and fieldbus systems markets,” said Andreas Lapp, Chairman of the Board of Lapp Holding.
Lapp has acquired CEAM, an innovative and profitable family company. Its turnover in 2015 was €23 million and Fender generated around €3.5 million in revenue in this year. CEAM and Fender were formerly part of COFIMA Holding, a business run by founders Franco and Carlo Magon. Lapp has a long-standing partnership with CEAM. The acquisition of CEAM strengthens Lapp’s leading role in industry-standard data communication systems. Lapp India is a 100% subsidiary of the Lapp Group. Having started its operations in 1996, Lapp India provides about 150,000 km per year of power, control, instrumentation and data cables along with connectors, accessories and end-to-end systems to over 5000 customers pan India. In 2012, Lapp India completed phase one of its second manufacturing plant in Pilukedi, Bhopal which produces more than 216,000 kms of single core cables per annum.