# ABB and Niedax Group form joint venture for cable tray systems in North America

ABB and Niedax Group have entered into an agreement to form a 50/50 joint venture integrating their North American cable tray businesses. The transaction is expected to close in Q4 2024.

- Type: Partnership
- Announced: 2024-05-08
- Where: United States, Canada, Mexico, United States
- Status: announced
- Products: cable tray systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (partner)
- [Niedax](https://endata.com/companies/41405.md) (partner)

## Sources

- [new.abb.com](https://new.abb.com/news/detail/115458/abb-and-niedax-group-to-create-joint-venture-to-meet-growing-demand-for-cable-tray-systems-in-north-america), 2024-05-08: "ABB and Niedax Group have entered into an agreement to form a new 50/50 joint venture."
- [clearygottlieb.com](https://www.clearygottlieb.com/news-and-insights/news-listing/abb-in-cable-tray-joint-venture-with-niedax-group), 2024-05-08: "Cleary Gottlieb is representing ABB in the formation of a 50/50 joint venture with the Niedax Group."
- [motionandmechatronics.ca](https://www.motionandmechatronics.ca/changing-scenes/abb-and-niedax-group-to/), 2024-05-10: "Growth in many of the industries we serve is driving increased demand for cable tray products and services."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.