LAPP, a provider of integrated cable and connection technology solutions, has acquired its long-term Swiss distribution partner Volland. Company founder Rudolf Volland and Managing Director Reto Volland signed the purchase agreement with Andreas Lapp, Chairman of the Board of LAPP Holding, and Matthias Lapp, CEO of LAPP for Latin America, Europe, the Middle East and Africa, in Rümlang, Switzerland on July 3.
“This step is the result of a successful long-term partnership and compatible corporate philosophies," Andreas Lapp said. "This will help LAPP to continue increasing our presence in the very innovative and demanding Swiss market and provide an even better and more seamless service for customers in Switzerland and all over the world.”
Volland AG, which is headquartered in Rümlang, has been one of LAPP’s distribution partners since the company was founded in 1960, making them LAPP’s first international distributor. The Swiss company is a system provider of cable technology, and currently employs 35 staff. Reto Volland, who has been Managing Director of Volland AG for 32 years, will continue to run the new LAPP company.
“Our aim, after just shy of six decades in business, is to make sure that Volland AG has a secure and innovative future," Company founder and President of the Board of Directors Rudolf Volland said. "We want to maintain the trust of our customers and all employees, gain additional market shares and transform Volland AG into a LAPP site in Switzerland. We are restructuring early to ensure continuity and new prospects for the future.”
Matthias Lapp, CEO of LAPP for Latin America, Europe, the Middle East and Africa, believes the acquisition is an important step for LAPP.
“Switzerland has always been a major market for us," Matthias Lapp said. "We joined forces with Volland almost six decades ago and have seen so much success here. Now is the right time to take the next step.”
Reto Volland sees major opportunities in selling his company to LAPP.
“With the power of LAPP as a global player behind us, we can offer our customers in Switzerland an even faster and better service,” Reto Volland said.
By incorporating Volland into the LAPP network, LAPP intends for customers to benefit from an even wider array of products, higher stock availability and faster deliveries, all with LAPP’s trusted innovative capacity.
The acquisition is subject to approval from the relevant authorities.