What EURONETE does

EURONETE (legal name Lankhorst Euronete, S.A.) is a Portuguese-headquartered manufacturer of commercial fishing gear, producing synthetic netting and twines, fibre and combination ropes, and steel wire ropes. Founded in 1964 as Cerfil in Matosinhos, Portugal, the company traces its corporate lineage to the 1989 cooperation between Dutch rope-maker Lankhorst (founded 1803) and Portuguese Grupo Euronete, which formally merged in 1998 into the Royal Lankhorst Euronete Group and received a Royal Warrant from Queen Beatrix in 2003. In 2012, WireCo WorldGroup acquired the group, and EURONETE now operates as the fishing division of that diversified wire-rope conglomerate, with production units in Maia, Boticas (Portugal), Le Guilvinec (France, via Le Drezen), and Rio de Janeiro (Brazil), and global distribution branches serving 60+ countries.

The company's product portfolio centers on three categories: netting and twines (Eurocross, Euroline, Euroline Premium, Euroline Premium Plus, Eurotuna, and Super 12 twines), ropes (twisted, braided and combination constructions in polyester, polypropylene, nylon, and Eurosteel steel wire), and steel wire ropes for trawling (Europact galvanized and the proprietary Euralpact zinc-aluminum coated line). Notable technical differentiators include the patented EuroGlow luminous netting (documented 30-50% catch increases in crab fisheries), Euralpact coating technology (3x fatigue/corrosion resistance vs. standard galvanized), EuroSeine Premium Rope designed for rocky-ground flyshooting in continuous lengths up to 1,800m, and in-house manufactured Eurodata netsounder cables developed using electromechanical-cable technology from sister WireCo brand Camesa. Manufacturing is supported by ISO9001-certified quality systems and in-house testing capacity from 1kg up to 1,200-ton breaking-load machines.

EURONETE operates a B2B sales-led go-to-market, selling directly to commercial fishing fleets, individual vessel operators, and aquaculture enterprises through dedicated sales teams, regional distribution centers (notably IJmuiden Stores Holland), and a network of country agents in the Netherlands, Denmark, Norway, Russia (Master Lova, Vladivostok), China (Beijing representative office) and other markets. The company participates actively in industry trade shows (Nor-Fishing, FishExpo, Global Fishery & Seafood Expo Russia) and research forums (ICES-FAO Working Group on Fishing Technology). Revenue is generated through one-time sales of manufactured fishing gear with pricing determined by specification, quantity, and market; no subscription, licensing, or recurring-revenue model is disclosed. The customer base is diversified across fishing segments (bottom trawl, pelagic trawl, seining, tuna purse seine, crab pots, aquaculture) and geographies, with named fleets in Spain, Russia, Denmark, the Netherlands, Canada, Namibia, Morocco and elsewhere.

Name

EURONETE

Legal name

Lankhorst Euronete, S.A.

Website

https://euronete.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

101–250 employees

Short description

EURONETE is a Portuguese-headquartered manufacturer of commercial fishing gear — synthetic netting, fibre and steel wire ropes, and combination ropes — serving industrial fishing fleets and aquaculture operators in 60+ countries as the fishing division of WireCo WorldGroup.

Ownership category

akta.pro rank

Headquarters

HQ city

Maia

HQ country

Portugal

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Fishing Gear Manufacturing and Sales: Euronete generates revenue through the manufacture and sale of fishing nets, net twines, ropes, steel wire ropes, combination ropes, and related fishing gear. The company operates as a B2B supplier to fishing fleets and individual fishermen worldwide.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Euronete manufactures and sells commercial fishing gear including synthetic netting and twines, fibre ropes (twisted, braided, multi-strand), steel wire ropes with proprietary coatings, and combination ropes for trawling, seining, and aquaculture applications. The company also designs complete tuna purse seine net systems and specialized products such as EuroGlow luminous netting and Eurodata netsounder cables. It operates as a B2B supplier to commercial fishing fleets and vessel operators worldwide through direct sales, distribution branches, and an agent network.

Product overview

EURONETE is a full-line manufacturer of fishing gear operating as part of WireCo WorldGroup. The product portfolio centers on three core product categories: Netting and Twines (including Eurocross®, Euroline®, Euroline Premium®, Euroline Premium Plus®, Eurotuna, and various twine products), Ropes (in twisted, braided, and multi-strand configurations using polyester, polypropylene, nylon, and specialized materials), Steel Wire Ropes (including Europact® and Euralpact® with proprietary coatings), and Combination Ropes. The company also manufactures specialized products including Eurodata® netsounder cables, EuroGlow® luminous netting (patented glow-in-the-dark technology), and complete tuna purse seine nets. Innovation focus areas include abrasion-resistant coatings, luminous fibres for enhanced catch efficiency, and advanced rope construction. The company operates production units in Portugal (Maia, Boticas), France (Le Guilvinec), and Brazil, with distribution centers in the UK, Denmark, Netherlands, USA, Australia, and Portugal.

Differentiator

Problem solved

Functional benefit

Brands

• Eurocross®: Netting and twines product line
• Euroline Premium Plus®
• Euroline Premium®
• Euroline®
• Eurotuna
• EuroSeine® Premium
• EuroGlow®
• Eurodata®
• Euralpact®
• Europact®
• Eurosteel®
• Lankoforce®
• Super Yellow Fin®

Products and services

• Netting and Twines Synthetic fishing nets and twines manufactured from polyamide, HPPE monofilament, and other materials for trawling, seining, and aquaculture applications, sold under sub-brands such as Eurocross, Euroline, Euroline Premium, Euroline Premium Plus, and Eurotuna.
• Ropes Fibre ropes including twisted, braided, and multi-strand configurations in polyester, polypropylene, nylon, and specialized blends like Euroflex and Eurosteel for commercial fishing and marine applications.
• Steel Wire Ropes Steel wire ropes for trawl applications including Europact (100% zinc-galvanized) and Euralpact (zinc-aluminum proprietary coating) and Turbowire variants, available in various diameters with corrosion-resistant coatings.
• Combination Ropes Hybrid ropes combining steel wire and synthetic fibres for specialized marine applications, including the Eurosteel Plus braided rope with pre-stretch treatment.
• Net Twines Specialized twines for net construction including Super 12 Plus, Super 12 Double braided, Tiptolon series, and Codline products.
• EuroGlow Luminous Netting Glow-in-the-dark luminous netting for crab pot fisheries, aquaculture, and other applications; uses patented luminous fibers that recharge via sunlight and glow for up to 8 hours, delivering 30-50% catch increases and 50% bait reduction.
• Euralpact Trawl Wire Rope Trawl wire rope featuring a proprietary zinc-aluminum coating that delivers up to 3x resistance to fatigue and corrosion compared to traditional galvanized wire rope, available in various diameters for bottom and pelagic trawling.
• EuroSeine Premium Rope Advanced flyshooting/seine rope designed from scratch with a new steel and synthetic formulation, producing a stiffer rope suitable for rocky seabeds and available in longer continuous lengths to reduce splicing.
• Eurodata Netsounder Cables In-house manufactured netsounder cables for connecting trawl headline electronics to vessel wheelhouses, available in Eurodata CX1100 (11mm two-conductor) and Eurodata MC920 (9.2mm mono-conductor) designs with high strength and clean data transmission.
• Tuna Purse Seine Nets Complete tuna purse seine net systems designed and manufactured in Portugal, incorporating novel netting designs and system-level engineering changes developed over multiple years for tuna capture efficiency and durability.

Quantifiable outcome

• 30-50% catch increase using EuroGlow luminous netting in crab pot fisheries
• +4 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Twelve partnerships are on record, tiered regional, minor and core.

• Master LovaregionalChannel Partner/ Reseller/ Distributor · 1 January 2019Master Lova, based in Vladivostok, serves as Euronete's representative for the Russian market, particularly for crab fisheries and EuroGlow implementation.
• European Commission / European Maritime DayminorStrategic or Co-development Partner · 1 January 2019Euronete participated as exhibitor at European Maritime Day 2019, the European Commission's largest maritime policy event with 1500+ participants from 50+ countries.
• ICES-FAO Working GroupminorStrategic or Co-development Partner · 1 January 2019Euronete sponsored and participated in the 2019 ICES-FAO Working Group on Fishing Technology and Fish Behaviour symposium at Shanghai Ocean University, engaging with 120+ researchers from 25 countries.
• Plastix (Denmark)minorStrategic or Co-development Partner · 1 January 2018Partnership with Danish recycler Plastix to process PE and PP pellets from recycled fishing gear, which are then used by Lankhorst Engineered Products to produce outdoor furniture and plastic planks.
• NetTag Project ConsortiumminorStrategic or Co-development Partner · 1 January 2018European Research Project under Sustainable Blue Economy program focused on tagging fishing gears and enhancing on-board best practices to reduce marine litter. Study conducted in Portugal, Galician, and Great Britain seashores.
• Egersund DenmarkregionalChannel Partner/ Reseller/ Distributor · 1 January 2018Egersund Denmark serves as agent for Euronete products in Denmark, including EuroSeine Premium rope sales to Danish fishing vessels.
• Camesa Factory (Mexico)regionalTechnology or Integration · 1 January 2016WireCo's Camesa factory in Mexico manufactures high-grade electro-mechanical cables for oil and gas sectors. This capability was leveraged to develop EuroData netsounder cables for trawl fishing applications.
• WireCo WorldGroupcoreStrategic or Co-development Partner · 1 January 2012WireCo WorldGroup Inc., a global leader in wire rope, electromechanical cable, and wire products, completed the acquisition of Royal Lankhorst Euronete Group bv in 2012. Euronete operates as the fishing division of WireCo WorldGroup, benefiting from shared R&D capabilities and manufacturing expertise across the group.
• Fisheries SupplyregionalStrategic or Co-development Partner · 1 January 2007Euronete became part of Fisheries Supply in Australia through a joint venture, establishing presence in the Australian fishing gear market.
• Lankhorst Pure CompositesminorStrategic or Co-development Partner · 1 January 2007Foundation of Lankhorst Pure Composites as fifth division of the group, focused on composite materials for various applications.
• Quintas & Quintas Offshore Mooring SystemsminorStrategic or Co-development Partner · 1 January 2007Acquisition of Quintas & Quintas Offshore Mooring Systems in Portugal, expanding capabilities in offshore mooring solutions.
• Beijing Representative OfficeminorChannel Partner/ Reseller/ Distributor · 1 January 2007Foundation of Representative Office in Beijing, China to serve the Chinese fishing market.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Hampidjan: Icelandic-headquartered manufacturer of high-performance fibre ropes, netting, and trawl gear for commercial fishing fleets worldwide. Direct overlap with Euronete across netting, twines, ropes, and trawl warps for pelagic and bottom trawlers.
• Nitto Seimo: Japanese manufacturer of knotless fishing nets and aquaculture cage systems. Competes with Euronete's netting and twines portfolio and is a leading supplier to Asian and Latin American purse seine and aquaculture operators.
• NET Systems: Hampidjan-owned US-based designer of trawl nets, sweeps, and seine systems. Competes head-to-head with Euronete in customized trawl gear for North American and European fleets, including netsounder cable solutions similar to Eurodata.
• Marlow Ropes: UK-based rope manufacturer serving commercial marine, fishing, and leisure markets. Overlaps with Euronete's fibre-rope range (braided, twisted, combination constructions) and shares the same Northern European fleet customer base.
• Yale Cordage: US specialty rope manufacturer focused on high-performance fibre ropes (including HPPE/Dyneema). Comparable technology base to Euronete's Eurosteel Plus braided rope and Euroflex product lines in marine and industrial markets.
• Teufelberger: Austrian rope and cordage manufacturer serving marine, industrial, and rescue markets. Comparable fibre-rope technology, braiding capabilities, and quality testing infrastructure to Euronete's rope division.
• Garware Technical Fibres: Indian manufacturer of technical textiles and fishing nets/twines serving global fishing fleets. Overlaps with Euronete in synthetic HDPE/PA netting and aquaculture applications, and is a frequent benchmark in cost-competitive bids.
• Cousin Trestec: French manufacturer of technical ropes and nets for marine, fishing, and safety applications. Directly comparable to Euronete's synthetic-rope and net-twine offerings, particularly for French and Mediterranean fleet customers.
• King Chou Marine Technology: Taiwanese producer of fishing nets, twines, ropes, and aquaculture netting. Directly comparable to Euronete's Euroline, Eurocross, and aquaculture cage product lines, particularly in Asian and Atlantic tuna/purse seine segments.

Broad incumbents

• Bridon-Bekaert Ropes Group: Global wire-rope conglomerate resulting from the merger of Bridon and Bekaert's rope activities. Competes with WireCo/Euronete in steel wire rope across oil & gas, crane, fishing, and mining markets at much larger scale and broader portfolio scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/euronete
• Facebookfacebook.com/euronete
• LinkedInlinkedin.com/company/euronete

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EURONETE