ABB in Completion of Joint Venture With Niedax

Cleary Gottlieb represented ABB in the closing of its previously announced 50/50 joint venture with Niedax Group (Niedax), forming Abnex, Inc.

Integrating the 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 U.S., and Mexico.

The transaction was completed on November 1, 2024.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. Through its engineering and digitalization expertise, ABB helps industries run at high performance, while also becoming more efficient and productive. The company has over 140 years of history and more than 105,000 employees worldwide.

Niedax is one of the leading suppliers of cable management systems worldwide. With more than 2,700 employees, Niedax operates at 75 locations, including 26 production sites, in more than 30 countries. Its products are mainly used in public buildings, tunnels, infrastructure projects, industrial and automotive plants, maritime systems, as well as in the energy sector and shipbuilding. Headquartered in Linz am Rhein, Germany, Niedax has been family-owned since its founding in 1920.

Abnex Inc., an ABB and Niedax joint venture, provides cutting-edge, compliant and comprehensive cable management, and cable tray solutions to help ensure long-lasting performance for electrical contractors, distributors, and system integrators throughout North America.

For more information, please see the press release here.