ABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North America
08 Mayo 2024 - 10:36AM
Electrification and automation leader ABB and Niedax Group, a
leading global supplier of cable management systems, have entered
into an agreement to form a new 50/50 joint venture. The
transaction is subject to customary closing conditions. Expected to
close and commence operations in Q4 2024, the collaboration will
integrate the North American cable tray businesses of ABB’s
Installation Products Division and Niedax Group into a new joint
venture. The plan is to deliver advanced solutions and services to
electrical contractors, distributors and systems integrators across
the United States, Canada and Mexico.
Demand for cable tray systems has steadily
increased and is estimated to be one of the fastest-growing areas
of electrical components within North America. Used in electrical
systems across a broad range of applications such as electric power
distribution, communications and technology, construction,
manufacturing and more, cable tray provides support and
organization of electrical cables, raceways and conductors. As
demand for electricity continues to grow, the joint venture will
leverage the strengths and resources of ABB and Niedax Group to
deliver greater customer value through a comprehensive solution
offering, enhanced logistics capabilities, local R&D and
production, and specialized services.
“Growth in many of the industries we serve is
driving increased demand for cable tray products and services.
Partnering with Niedax Group will create new opportunities,
accelerate collaboration and product development, and maximize
value for our cable tray customers coast-to-coast,” said Khalid
Mandri, President, ABB Installation Products Division. “With
complementary offerings, advanced manufacturing capabilities, deep
industry relationships and a shared focus on high-performance
products, establishing this joint venture enables us to work
together to pioneer future-ready cable management solutions to
support growth in these transitioning industries.”
The planned joint venture will offer ABB
Installation Products's T&B® Cable Tray and ExpressTray® Steel
Wire Basket Tray product lines, as well as Niedax Group’s
MonoSystems®, Canadian Electrical Raceways and other Niedax®
product lines. The combined product portfolio of cable management
solutions will be extensive, spanning a wide range of
configurations, finishes and types of cable and ladder trays, wire
baskets, channel and perforated tray, floor systems and boxes,
accessories and fittings. Customers will have the ability to
customize solutions to meet their needs.
“The intention to form a joint venture represents a
significant milestone in our strategy to drive sustainable growth
and enhanced customer value," said Bruno Reufels, CEO of Niedax
Group. "By integrating ABB's extensive expertise in digital
technologies and trusted brands and Niedax's industry-leading cable
management systems, we are well-positioned to meet the evolving
needs of our customers and bring our combined expertise to emerging
opportunities in the North American market.”
ABB’s Installation Products Division and Niedax
Group are working to ensure a smooth transition for the more than
200 employees across the U.S. and Canada who will be part of the
new organization. The team will include engineering, manufacturing
and R&D specialists, and sales and product management experts.
The companies aim to build on their combined expertise to expand
their existing product portfolio and leverage automated and
sustainable manufacturing practices to drive increased efficiency
and value within the electrification industry.
—For more information please
contact: |
Global Media Relations
media.relations@ch.abb.com |
ABB LtdAffolternstrasse 448050 Zurich
Switzerland |
|
|
Niedax Group Corporate
Communicationspresse@niedax.com |
Niedax GmbH & Co. KGAsbacher Strasse 14153545
Linz/ RheinGermany |
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ABB is a technology leader in
electrification and automation, enabling a more sustainable and
resource-efficient future. The company’s solutions connect
engineering know-how and software to optimize how things are
manufactured, moved, powered and operated. Building on over 140
years of excellence, ABB’s more than 105,000 employees are
committed to driving innovations that accelerate industrial
transformation. www.abb.com.
ABB Electrification is a global
technology leader making efficient and reliable use of electricity
from source to socket possible. With more than 50,000 employees
across 100 countries, we collaborate with our customers and
partners to solve the world’s greatest challenges in electrical
distribution and energy management. We help businesses, industry,
and consumers run their facilities and homes efficiently and
reliably. As the energy transition accelerates, we are electrifying
the world in a safe, smart and sustainable
way. go.abb/electrification.
Niedax Group is one of the leading
suppliers of cable management systems worldwide. It is operating at
67 locations, including 23 production sites, in over 30 countries.
More than 2,500 employees are currently working for Niedax Group.
Niedax offers around 50,000 items in the electrical installation
sector. Its products are mainly used in public buildings, tunnels,
infrastructure projects, industrial and automotive plants, maritime
systems, as well as in the energy sector and shipbuilding. The
Niedax Group, headquartered in Linz/Rhine, Germany, has been
family-owned since its founding in 1920. More information:
www.niedax-group.com.
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at:
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