LAPP is continuing to grow its manufacturing capabilities and market presence in the field of industrial connectors. Founded in 2015, Cableforce Electronics Co., Limited specializes in the field of circular connectors and has been a partner of LAPP since its early days. Now, the company based in Dongguan-City near Shenzhen is a 100 percent subsidiary of LAPP Group.
Leveraging global capabilities
Matthias Lapp, CEO of the LAPP Group states: “In the past ten years, Cableforce has built up an impressive market position, portfolio, and engineering competence in circular connectors. These unique capabilities make them a great addition to our industrial connectors offering - benefitting our customers worldwide. Through this merger, we will leverage Cableforce on a global scale - by making them a part of LAPP´s network and our team of more than 5.700 committed employees around the world.”
With its LAPP China headquarters in Shanghai since 2003 and two production plants opened in 2012 and 2023, the German family-owned company has been active in China for more than two decades. Matthias Lapp says: “China is one of our most important growth markets, and we are determined to further expand our presence: Following our local for local strategy, we are continuously investing into our R&D competencies, manufacturing capabilities and technical sales network in China and the Asia-Pacific region.”
Cableforce currently employs over 100 people. Both companies have agreed not to disclose the financial details of the transaction.
