ABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North America

• Integrates strengths of ABB and Niedax Group to deliver a complete solution offering and enhanced customer value
  
• Expands North American cable tray manufacturing capabilities to serve evolving customer needs
  
• Builds on decades of innovation to accelerate collaboration and product development
  

ZÜRICH, Switzerland, May 08, 2024 (GLOBE NEWSWIRE) -- 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.”