Lapp Group buys CEAM and Fender

Power Watch India - - DESPATCHES FINANCE -

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.

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