Niedax Group completed the previously announced 50/50 joint venture with ABB. The Abnex joint venture (JV) will broaden solutions and advance opportunities in the rapidly growing North American cable management market. Integrating engineering and manufacturing capabilities of ABB’s Installation Products Division with Niedax Group will enable the newly formed company to deliver a broad range of cable tray solutions and services to electrical contractors, distributors and systems integrators across Canada, the United States and Mexico.
As a fast-growing area of electrical components within North America, cable tray is widely used in electrical infrastructure, commercial industrial and residential applications. Abnex’ extensive product portfolio and range of services includes complementary solutions previously offered by ABB Installation Products such as T&B® Cable Tray and ExpressTray® Steel Wire Basket Tray product lines, as well as Niedax Group’s MonoSystems® and Canadian Electrical Raceways product lines. The combined cable management offering will span a range of configurations, finishes and types of cable and ladder trays, wire baskets, channel and perforated tray, floor systems and boxes, accessories, and fittings. In addition to pre-made options, customers will have the ability to customize cable tray solutions.
More than 200 employees and multiple offices and manufacturing locations across North America are part of Abnex, which will operate as an independent company equally owned by ABB and Niedax Group. This joint venture’s executive leadership team and board of directors have been structured to equally represent both parent companies. Cornelius Steele, Executive Board Member Niedax Group, will lead the joint venture as President and CEO, and Cyrill Scholer, Senior Finance Executive, ABB Installation Products Division, will serve as Chief Financial Officer. The Board of Directors will include Bruno Reufels, CEO of Niedax Group, who will serve as Chairman, Khalid Mandri, President of ABB Installation Products, who will serve as Deputy Chair, and Michael Shenouda, Canada Region Leader, ABB Installation Products Division. In addition to his role as President and CEO, Cornelius Steele will also serve on the Board of Directors.
“The successful completion of this joint venture builds on our combined expertise and furthers our strategy to invest in emerging opportunities and provide our customers with advanced solutions to meet their evolving needs,” said Khalid Mandri, President, ABB Installation Products Division. “Forging this new business in the North American cable management market will expand our portfolio of solutions and leverage automated and sustainable manufacturing to drive increased efficiency and enhanced delivery capabilities.”
“We look forward to the possibilities to scale up production and broaden our cable tray product offering and ser-vices,” said Bruno Reufels, CEO Niedax Group. “Through this joint venture, we expect Abnex to deliver innovative cable tray solutions to customers and build on the complementary strengths of both companies to meet growing demand in the cable tray and electrical component market.”
About the Niedax Group
The Niedax Group is one of the world's leading suppliers of cable laying systems. It is present at 75 locations, including 25 production sites, in over 30 countries. 2,700 employees currently work for the Group. The product portfolio comprises well over 50,000 items in the field of electrical installation. They are primarily used in public buildings, tunnels, infrastructure projects, industrial and automotive plants, maritime facilities, the energy sector and shipbuilding. The Niedax Group has been family-owned since its foundation in 1920 and is headquartered in Linz am Rhein (Rhineland-Palatinate). Further information can be found at www.niedax-group.com.
About ABB
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
Building on its long history of pioneering in electrification, ABB Installation Products creates solutions to safely connect and protect electrical systems that power businesses, cities, homes and transportation. With more than 200,000 products under 38 premium brand names, ABB Installation Products, formerly Thomas & Betts, solutions are found wherever electricity is used around the world and in space. go.abb/electrification
