Expansion Plans Lantek announces largest investments in company's history
Germany — At Lantek's trade show appearance at Blechexpo, the pioneer of digital transformation of companies in sheet metal industry, shared details about its expansion plans following the new partnership with high-tech company Trumpf.
During Bechexpo in Stuttgart, Lantek presented various new developments — and also plans for the future of the company. “We were very much looking forward to welcoming our visitors back to a trade show after such a long absence due to Covid and to present the innovations of Global Release 2021 to them in person — the response has been tremendous,” said Christoph Lenhard, Lantek's sales manager for Germany, Austria and Switzerland, on the first day of the show.
It was a difficult time, but we came out of it stronger because we learnt a lot. Our customers have developed new needs, such as the increased requirement for compatible solutions for both remote and office working. This new situation reinforces our decision to develop a range of cloud products to service these new realities.
To meet these objectives, the company has recruited a large number of new specialists with the necessary expertise. This is necessary as, compared to the development of software for desktop applications, the cloud requires different programming skills and in-depth knowledge of infrastructure and services.
Lantek CEO Alberto López de Biñaspre, Managing Director of Lantek confirms that this development pace will continue. “We have been experiencing double-digit organic growth for years. At the end of the third quarter of this year, sales were 30 percent higher than last year. We have traditionally invested large proportions of our income in research and development. Through our new partnership with Trumpf, the largest industrial group in the machine tool sector, we now have the necessary resources to increasingly pursue this path. For 2022, we intend to make the largest investments in our company's history: We want to increase our commitment to research and development by 70 percent. To do this, we plan to grow our workforce by 50 percent over the next twelve months from the current 260 employees worldwide, with a clear emphasis on R&D and our international customer support team.” Lantek is thinking long-term – with a growth plan that extends into 2025.
López de Biñaspre emphasized the company's commitment to its strategy as a multi-vendor supplier: “The expansion plan not only strengthens our brand positioning but enhances our international structure bracing and expanding our current international organisation and footprint. Both Trumpf and Lantek are family-owned companies, so we share values and business principles and a common vision for the future: to turn companies in the sheet metal industry into Smart Factories, making them more efficient and competitive.”