Abb and niedax group to create joint venture to meet growing demand for cable tray systems in north america

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.
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