LAPP on board as a new member of the engine room innovation ecosystem
Digital transformation of the German SME sector
Stuttgart / Berlin, 1 December 2022 - The family-owned company LAPP, one of the world's leading providers of integrated solutions and branded products in the field of cable and connection technology, becomes part of the machine room.
The alliance of around 60 SMEs as well as university partners and other innovators are working together on the digital transformation of the German SME sector. As part of this community, LAPP would like to collaboration with other members of the engine room in order to exchange ideas on how to deal with current and future challenges - the focus will be on topics such as digitalisation, sustainability, innovation and dealing with change.
LAPP was founded in 1959 by Oskar and Ursula Ida Lapp and the starting point was Oskar Lapp's innovation in 1957: the first industrially manufactured oil-resistant and flexible control cable with colour coding, which is better known under the brand name ÖLFLEX®. Today, the industry could not be without it. The company is fully family-owned. In October 2022, Matthias Lapp took over the generation took over the management of the company, which employs over 4,500 people worldwide. The company manufactures at 21 international locations and has 44 of its own sales companies.
Innovation as an integral part of the company's DNA
"Together with my management team and all employees, we have changed a lot at LAPP over the last few years, undergoing a real cultural change. The generational change is creating a new momentum that I really want to capitalise on, together with the engine room. We must remain attractive on the market and as an employer, and always be one step ahead. This will only work if we are prepared to continuously work on ourselves and learn from the best. We are also looking forward to sharing our experiences and impulses with the network," says Matthias Lapp, Chairman of the Management Board of Lapp Holding AG.
"Those who follow are faced with the challenge of finding the balance between the new and the old - and not forgetting that the future also needs origin! LAPP is setting the best example here and can in this area - but certainly also particularly in the area of innovation - make a major contribution to our network. And will get equally important new impulses," says Tobias Rappers, Managing Director of the engine room.
About the engine room:
The engine room, a shared ecosystem from the SME sector for the SME sector, unites German SMEs and family businesses to boldly shape the future. Around 60 family businesses - including Viessmann, Fiege Logistik, STIHL and Mast-Jägermeister - have joined the engine room to jointly drive the digital and sustainable transformation of the SME sector.