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NIEDAX GROUP announced the acquisition of a majority stake in R&M Electrical Group, a leading electrical distributor based in Southampton, UK, effective 28 February 2021.
NIEDAX GROUP has acquired MonoSystems, a producer of cable management systems in North America, effective December 31, 2020.
German investor Niedax plans to build a cable tray production plant in the Fedorovskoye industrial park in Tosnensky District, Leningrad Oblast, with investments of about 600 million rubles. The plant is expected to create about 40 jobs and start production by the end of 2020.
| Site | Largest | Latest |
|---|---|---|
| Fedorovskoye, Russia | $9.20M | 2019-08-16 |