Acquisition
Lapp Group takes over JJ-Lapp joint venture in full
The Lapp Group, a provider of cable and connection technology, has fully acquired JJ-Lapp, a joint venture between Jebsen & Jessen and Lapp with a focus on the Southeast Asian market. At the end of 2025, the companies completed the transaction for the remaining 50 percent of the company's shares. The acquisition is the largest in Lapp's history.
Jebsen & Jessen and Lapp founded the joint venture in 2004 with the vision of establishing German quality and innovation in Southeast Asia. Since then, the joint venture has developed into a provider of cable and connection solutions with around 350 employees. JJ-Lapp manufactures in Indonesia with headquarters in Singapore and other locations in Malaysia, the Philippines, Thailand and Vietnam.
Matthias Lapp, CEO of the Lapp Group, says: "Southeast Asia is one of the most dynamic economic regions in the world with rapid industrial growth, a young workforce and increasing demand for Lapp's innovative connectivity solutions. With this acquisition, we are taking a significant step in our growth strategy for the Asia-Pacific region. By combining the local strength and entrepreneurship of JJ-Lapp with the German quality, innovation and global network of LappP, we are creating a strong entity to help shape the future of Southeast Asian industry."
Richard Lee, CEO Asia Pacific at Lapp, added: "We have long appreciated JJ-Lapp's commitment to growth in the Southeast Asian market and focus on customer-centric innovation. This acquisition is not just a transaction, but a strategic partnership. We are committed to preserving the characteristics that make JJ-Lapp so special while providing the resources to accelerate the company's growth."
"After a successful 21-year partnership, it is time for us to take a step back and place JJ-Lapp fully in the hands of the Lapp Group. This transaction will unlock further efficiencies and synergies and ensure strong growth for the company in the future," says Per Magnusson, CEO of Jebsen & Jessen Group.
Following the takeover, JJ-Lapp will become a wholly-owned subsidiary of the Lapp Group. Both companies have agreed not to disclose the financial details of the transaction.
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