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

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T&B®

• Integrates the strengths of ABB and the Niedax Group to deliver a comprehensive solution offering and enhanced customer value

• Expands cable tray manufacturing capabilities in North America to meet changing customer needs

• Leverages decades of innovation to accelerate collaboration and product development

ZÜRICH, Switzerland, May 08, 2024 (GLOBE NEWSWIRE) — ABB, a leader in electrification and automation, and Niedax Group, a leading global provider 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. The collaboration, which is expected to be finalized and begin operations in the fourth quarter of 2024, will integrate the North American cable tray operations of ABB’s Installation Products division and Niedax Group into a new joint venture. The plan is to provide advanced solutions and services to electrical contractors, distributors and system integrators in the United States, Canada and Mexico.

The demand for cable tray systems has been growing steadily and is estimated to be one of the fastest growing electrical component areas in North America. Used in electrical systems in a wide range of applications such as electrical power distribution, communications and technology, construction, manufacturing and much more, cable trays provide support and organization for cables electrical, cable trays and conductors. As demand for electricity continues to grow, the joint venture will leverage the strengths and resources of ABB and the Niedax Group to deliver greater customer value through a comprehensive solutions offering, enhanced logistics capabilities, R&D and local production and specialized services.

“Growth in many of the industries we serve is driving increased demand for cable tray products and services. The partnership with Niedax Group will create new opportunities, accelerate collaboration and product development, and maximize value for our coast-to-coast cable tray customers,” said Khalid Mandri, President, Products Division. installation guide from ABB. “With complementary offerings, advanced manufacturing capabilities, deep industry relationships and a shared focus on high-performance products, the creation of this joint venture allows us to work together to launch future-proof cable management solutions to support growth in these sectors in transition. »

The planned joint venture will offer ABB Installation Products’ T&B® cable tray and ExpressTray® steel wire cable tray product lines, as well as ABB Installation Products’ MonoSystems®, Canadian Electrical Raceways and other Niedax® product lines. Niedax group. The combined product portfolio of cable management solutions will be expanded, covering a wide range of configurations, finishes and types of cable trays and ladders, wire baskets, perforated channels and trays, systems and boxes flooring, accessories and fittings. Customers will have the ability to customize solutions to meet their needs.

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“The intention to form a joint venture represents an important step in our strategy to drive sustainable growth and increased customer value,” said Bruno Reufels, CEO of the Niedax Group. “By integrating ABB’s extensive expertise in digital technologies and Niedax’s trusted brands and industry leader in 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 the Niedax Group are working to ensure a smooth transition for the more than 200 employees in the United States and Canada who will be part of the new organization. The team will include engineering, manufacturing and R&D specialists, as well as sales and product management experts. The companies aim to leverage their combined expertise to expand their existing product portfolio and leverage automated and sustainable manufacturing practices to increase efficiency and value within the electrification sector.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions combine engineering know-how and software to optimize the way things are made, moved, powered and operated. Built on more than 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 that makes efficient and reliable use of electricity possible, from source to outlet. With more than 50,000 employees in 100 countries, we collaborate with our customers and partners to solve the world’s biggest challenges in power distribution and energy management. We help businesses, industry and consumers manage their facilities and homes efficiently and reliably. As the energy transition accelerates, we are electrifying the world safely, smartly and sustainably. go.abb/electrification.

Niedax Group is one of the world’s leading providers of cable management systems. It operates on 67 sites, including 23 production sites, in more than 30 countries. More than 2,500 employees currently work for the Niedax group. Niedax offers around 50,000 articles 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 and shipbuilding sectors. The Niedax Group, headquartered in Linz/Rhine, Germany, has been a family business since its founding in 1920. More information: www.niedax-group.com.

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