ABB and Niedax Group to Create Joint Venture to Meet Growing Demand for Cable Tray Systems in North America
May 8, 2024 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…