Bjoern Kleister, Head of Strategy & Business Development, ABB Installation Products, Khalid Mandri, President of ABB Installation Products, Bruno Reufels, Chief Executive Officer of Niedax Group, and Cor-nelius Steele, Member of the Executive Board, Niedax Group, a leading global supplier of cable manage-ment systems, sign an agreement to form a new 50/50 joint venture. Expected to close and commence operations in Q4 2024, subject to customary closing conditions, the collaboration will integrate the North American cable tray businesses of ABB’s Installation Products Division and Niedax Group into the new joint venture.
Bjoern Kleister, Head of Strategy & Business Development, ABB Installation Products, Khalid Mandri, President of ABB Installation Products, Bruno Reufels, Chief Executive Officer of Niedax Group, and Cor-nelius Steele, Member of the Executive Board, Niedax Group, a leading global supplier of cable manage-ment systems, sign an agreement to form a new 50/50 joint venture. Expected to close and commence operations in Q4 2024, subject to customary closing conditions, the collaboration will integrate the North American cable tray businesses of ABB’s Installation Products Division and Niedax Group into the new joint venture.