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Niedax Group

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uuid0009nex

Namestring
Niedax Group
Legal namestring
Niedax GmbH & Co. KG
Company typeenum
Private
Founded yearint
1920
Descriptiontext

Niedax Group is a privately held German manufacturer of cable management systems, headquartered in Linz am Rhein and founded in 1920. The company designs and produces cable trays, cable conduits, cable ties, fastening materials, PVC cable ducts, GRP systems, and aluminum conduit systems under a portfolio of specialist brands including Niedax Germany, Niedax Kleinhuis, Niedax Fintech, Niedax Ebo Systems, Niedax MonoSystems, Niedax Gouda Holland, Spina Group, and Philip Grahame International. It operates 25 production plants with a steel processing capacity of 375,000 tonnes per year, supported by in-house galvanizing (Niedax Galvanik) and steel service centers (Bandstahl-Service-Hagen, Boecker Stahl-Service) that together handle slit strip from hot-rolled, cold-rolled, and hot-dip galvanized steel.

The group's commercial model is B2B and project-driven: revenue is generated through the manufacture and sale of hardware products and ancillary galvanizing/steel services, distributed via 81 wholly-owned or joint-venture locations in more than 30 countries. Products are certified to regional standards (UL, CSA, DIN, DNV, VCA-P, NEMA, AS, BS, ASTM, NZS) and shipped under the Abnex joint venture in North America (with ABB) and through the Aamal Company joint venture in Qatar. Major end-markets are industrial facilities, renewable energy (wind, photovoltaic), oil & gas, commercial and residential buildings, data centers and IT infrastructure, and railway and transportation infrastructure.

Niedax generates approximately €1 billion in annual revenue with a global workforce of around 2,800 people across more than 20 countries. Customer engagement combines direct enterprise sales through regional subsidiaries with trade-fair presence (e.g., SMM, Wind Energy, Innotrans) and a digital footprint consisting of a corporate website, knowledge portal, BIM-ready product data, and CRM-supported direct sales. Five joint ventures — including Abnex with ABB and the planned Aamal partnership in Qatar — extend the company's manufacturing and geographic reach into markets where local production or co-development is a procurement requirement.

Short descriptiontext

Niedax Group is a privately held German manufacturer, founded in 1920, that produces cable management systems, fastening materials, and steel service products. It serves industrial, energy, oil & gas, building, IT/data center, and transport customers across 81 locations in more than 30 countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersLinz, Germany
HQ citystring
Linz
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cable management systems, cable support systems, electrical installation materials, fastening materials, steel cable trays
Industry3 codes
1Cable Management & Support Systems (Trays/Ladders/Strut)
CodeIMADAMAKPrimaryYes
2Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA)
CodeIMAKABAJPrimaryNo
3Renewable Manufacturing Materials & Subcomponents (Glass, EVA/Backsheet, Composites, Magnets)
CodeEUAMAHALPrimaryNo
NAICS code2 codes
  • Electrical Equipment Manufacturing3353
  • Electrical Equipment Manufacturing33531
SIC code1 code
  • Electrical Industrial Apparatus3620
Product category
Electrical Cable Management Systems
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Cable Management Products
TypeHardware Sales
Description

Manufacturing and distribution of cable management systems including cable trays, conduits, ties, and accessories. The company generates approximately 1 billion euros in annual revenue.

gulf-times.com
2Steel Service
TypeHardware Sales
Description

Processing and distribution of slit strip made from hot-rolled wide strip as well as cold-rolled and hot-dip galvanized steel

niedax-group.com
3Galvanizing Services
TypeProfessional Services
Description

Coating services for steel products according to industry standards

niedax-group.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Niedax Group manufactures and distributes cable management systems and electrical installation materials, including cable support systems, cable conduits, cable ties, fastening materials, PVC cable ducts, aluminum conduit systems, and GRP cable management products. The company operates 25 production plants worldwide processing 375,000 tonnes of steel annually, with a portfolio of over 50,000 products serving industrial, energy, oil & gas, buildings, IT/data center, and transportation infrastructure sectors. The company also operates steel service centers and galvanizing coating services.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Processes 375,000 tonnes of steel annually
+2 more records
Product overview1 text field

Niedax Group is a multi-brand portfolio company offering cable management systems and fastening materials through 25+ production plants and 81 locations worldwide. The portfolio includes cable support systems, cable conduits, PVC cable ducts, glass fiber reinforced plastic (GRP) systems, and steel service centers. Key products include over 50,000 items manufactured under brands such as Niedax Germany (German-made systems), Niedax USA (UL/CSA certified), Niedax MonoSystems (aluminum UL-certified), Ebo Systems (GRP systems), Kleinhuis (PVC ducts), and Fintech (aluminum conduit systems). The company also operates regional sales and production entities across Europe, Americas, Asia-Pacific, and Middle East, plus joint venture Abnex (with ABB) for North American markets.

Product and service10 records
1Cable Support Systems (Cable Trays)
CategoryCable Management Systems
2PVC Cable Ducts
CategoryCable Management Systems
3Aluminum Conduit Systems
CategoryCable Management Systems
4GRP Cable Management Systems
CategoryCable Management Systems
5Fastening Materials and Accessories
CategoryFastening and Installation Materials
6Steel Service (Slit Strip Processing)
CategorySteel Processing Services
7Galvanizing Services
CategoryMetal Coating Services
8Cable Route Planning and Installation Services
CategoryEngineering and Installation Services
9Oil & Gas Integrated Cable Solutions
CategorySector-Specific Cable Solutions
10North American Cable Management Solutions (Abnex JV)
CategoryCable Management Systems
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-11-18
Description

Aamal Company and Niedax Group signed a memorandum of understanding to establish a manufacturing plant for cable management products in Qatar. The joint venture aims to support Qatar's industrial growth and infrastructure development. The partnership was attended by officials including the Minister of State for Foreign Trade Affairs of Qatar and the Federal Minister for Economy and Energy of Germany.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Abnex is a joint venture between Niedax Group and ABB, combining the expertise of two electrical industry leaders to provide cable management solutions meeting safety, reliability, and performance standards in North American markets. The JV is currently expanding its Buffalo, New York manufacturing site with a $15 million investment.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

French-listed global specialist in electrical and digital building infrastructure. Overlaps with Niedax in commercial and data center cable management while operating a much broader wiring device and data infrastructure portfolio.

TypeDirect peer
Description

US-based manufacturer of network infrastructure and cable management solutions, including cable trays, ladder racks, and pathway products. Highly comparable in data center and IT infrastructure cable routing.

TypeBroad incumbent
Description

US-listed global power management major; its B-Line series competes directly in cable trays, ladder systems, and strut channels. Comparable as a broad incumbent with cable management as a sub-line within a much larger electrical portfolio.

TypeRegional player
Description

Spanish manufacturer of metal cable trays and support systems serving the Iberian and broader Mediterranean markets. Comparable product category with a more regionally focused footprint than Niedax's global network.

TypeBroad incumbent
Description

Swiss-Swedish electrification and automation major; Niedax's JV partner in Abnex for North America and owner of Thomas & Betts. Comparable both as a partner and as a broad incumbent overlapping in cable management and electrical installation products.

TypeDirect peer
Description

UK-based manufacturer of PVC and metal cable management systems, trunking, and floor systems. Comparable as a national/regional specialist overlapping with Niedax in commercial building and infrastructure segments.

TypeDirect peer
Description

German family-owned specialist in cable management systems, cable trays, and connection/fastening technology. Headquartered in Germany with strong overlap in product range, customer base, and channel model with Niedax.

TypeBroad incumbent
Description

French-listed global energy management and automation major. Competes via its Square D and Actassi cable management lines while addressing the same industrial, data center, and infrastructure end markets as Niedax.

TypeDirect peer
Description

US-listed manufacturer of electrical raceway and cable support systems (cable trays, strut, fittings). Most direct global competitor to Niedax in metal cable management, serving the same industrial, commercial, and data center end markets.

TypeDirect peer
Description

Global specialist in cable fastening, identification, and management accessories (ties, conduits, routing systems), now part of Aptiv. Closely comparable to Niedax in cable management accessories and industrial customer base.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries41 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance7 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Niedax Group

Electrical Cable Management Systemsniedax-group.com

Niedax Group is a privately held German manufacturer, founded in 1920, that produces cable management systems, fastening materials, and steel service products. It serves industrial, energy, oil & gas, building, IT/data center, and transport customers across 81 locations in more than 30 countries.

What Niedax Group does

Niedax Group is a privately held German manufacturer of cable management systems, headquartered in Linz am Rhein and founded in 1920. The company designs and produces cable trays, cable conduits, cable ties, fastening materials, PVC cable ducts, GRP systems, and aluminum conduit systems under a portfolio of specialist brands including Niedax Germany, Niedax Kleinhuis, Niedax Fintech, Niedax Ebo Systems, Niedax MonoSystems, Niedax Gouda Holland, Spina Group, and Philip Grahame International. It operates 25 production plants with a steel processing capacity of 375,000 tonnes per year, supported by in-house galvanizing (Niedax Galvanik) and steel service centers (Bandstahl-Service-Hagen, Boecker Stahl-Service) that together handle slit strip from hot-rolled, cold-rolled, and hot-dip galvanized steel.

The group's commercial model is B2B and project-driven: revenue is generated through the manufacture and sale of hardware products and ancillary galvanizing/steel services, distributed via 81 wholly-owned or joint-venture locations in more than 30 countries. Products are certified to regional standards (UL, CSA, DIN, DNV, VCA-P, NEMA, AS, BS, ASTM, NZS) and shipped under the Abnex joint venture in North America (with ABB) and through the Aamal Company joint venture in Qatar. Major end-markets are industrial facilities, renewable energy (wind, photovoltaic), oil & gas, commercial and residential buildings, data centers and IT infrastructure, and railway and transportation infrastructure.

Niedax generates approximately €1 billion in annual revenue with a global workforce of around 2,800 people across more than 20 countries. Customer engagement combines direct enterprise sales through regional subsidiaries with trade-fair presence (e.g., SMM, Wind Energy, Innotrans) and a digital footprint consisting of a corporate website, knowledge portal, BIM-ready product data, and CRM-supported direct sales. Five joint ventures — including Abnex with ABB and the planned Aamal partnership in Qatar — extend the company's manufacturing and geographic reach into markets where local production or co-development is a procurement requirement.

Niedax Group firmographics

Firmographics
Name
Niedax Group
Legal name
Niedax GmbH & Co. KG
Website
https://niedax-group.com
Company type
Private
Founded year
1920
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Niedax Group is a privately held German manufacturer, founded in 1920, that produces cable management systems, fastening materials, and steel service products. It serves industrial, energy, oil & gas, building, IT/data center, and transport customers across 81 locations in more than 30 countries.
Ownership category
akta.pro rank

Niedax Group industry classification

Industry
Product category
Electrical Cable Management Systems
NAICS
Electrical Equipment Manufacturing (3353), Electrical Equipment Manufacturing (33531)
SIC
Electrical Industrial Apparatus (3620)
akta.pro primary industry
Cable Management & Support Systems (Trays/Ladders/Strut) (IMADAMAK)
akta.pro secondary industries
Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ), Renewable Manufacturing Materials & Subcomponents (Glass, EVA/Backsheet, Composites, Magnets) (EUAMAHAL)

Keywords

  • Cable management systems
  • Cable support systems
  • Electrical installation materials
  • Fastening materials
  • Steel cable trays

Where Niedax Group is headquartered

Location

Headquarters

HQ city
Linz
HQ country
Germany
HQ region
Europe

Offices2 records

Markets served

Niedax Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Cable Management Products: Manufacturing and distribution of cable management systems including cable trays, conduits, ties, and accessories. The company generates approximately 1 billion euros in annual revenue.
  2. Steel Service: Processing and distribution of slit strip made from hot-rolled wide strip as well as cold-rolled and hot-dip galvanized steel
  3. Galvanizing Services: Coating services for steel products according to industry standards

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Niedax Group product offering

Product offering

Core offering

Niedax Group manufactures and distributes cable management systems and electrical installation materials, including cable support systems, cable conduits, cable ties, fastening materials, PVC cable ducts, aluminum conduit systems, and GRP cable management products. The company operates 25 production plants worldwide processing 375,000 tonnes of steel annually, with a portfolio of over 50,000 products serving industrial, energy, oil & gas, buildings, IT/data center, and transportation infrastructure sectors. The company also operates steel service centers and galvanizing coating services.

Product overview

Niedax Group is a multi-brand portfolio company offering cable management systems and fastening materials through 25+ production plants and 81 locations worldwide. The portfolio includes cable support systems, cable conduits, PVC cable ducts, glass fiber reinforced plastic (GRP) systems, and steel service centers. Key products include over 50,000 items manufactured under brands such as Niedax Germany (German-made systems), Niedax USA (UL/CSA certified), Niedax MonoSystems (aluminum UL-certified), Ebo Systems (GRP systems), Kleinhuis (PVC ducts), and Fintech (aluminum conduit systems). The company also operates regional sales and production entities across Europe, Americas, Asia-Pacific, and Middle East, plus joint venture Abnex (with ABB) for North American markets.

Differentiator

Problem solved

Functional benefit

Products and services

  • Cable Support Systems (Cable Trays)
  • PVC Cable Ducts
  • Aluminum Conduit Systems
  • GRP Cable Management Systems
  • Fastening Materials and Accessories
  • Steel Service (Slit Strip Processing)
  • Galvanizing Services
  • Cable Route Planning and Installation Services
  • Oil & Gas Integrated Cable Solutions
  • North American Cable Management Solutions (Abnex JV)

Quantifiable outcome

  • Processes 375,000 tonnes of steel annually
  • +2 more outcomes

Companies that use Niedax Group

Customer profile

Named customers3 records

Segments6 records

Ideal customer profiles1 record

Niedax Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Niedax Group partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • Aamal CompanycoreStrategic or Co-development Partner · 18 November 2025Aamal Company and Niedax Group signed a memorandum of understanding to establish a manufacturing plant for cable management products in Qatar. The joint venture aims to support Qatar's industrial growth and infrastructure development. The partnership was attended by officials including the Minister of State for Foreign Trade Affairs of Qatar and the Federal Minister for Economy and Energy of Germany.
  • ABBcoreStrategic or Co-development PartnerAbnex is a joint venture between Niedax Group and ABB, combining the expertise of two electrical industry leaders to provide cable management solutions meeting safety, reliability, and performance standards in North American markets. The JV is currently expanding its Buffalo, New York manufacturing site with a $15 million investment.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Niedax Group competitors and assessment

Company assessment

Broad incumbents

  • Legrand: French-listed global specialist in electrical and digital building infrastructure. Overlaps with Niedax in commercial and data center cable management while operating a much broader wiring device and data infrastructure portfolio.
  • Eaton: US-listed global power management major; its B-Line series competes directly in cable trays, ladder systems, and strut channels. Comparable as a broad incumbent with cable management as a sub-line within a much larger electrical portfolio.
  • ABB: Swiss-Swedish electrification and automation major; Niedax's JV partner in Abnex for North America and owner of Thomas & Betts. Comparable both as a partner and as a broad incumbent overlapping in cable management and electrical installation products.
  • Schneider Electric: French-listed global energy management and automation major. Competes via its Square D and Actassi cable management lines while addressing the same industrial, data center, and infrastructure end markets as Niedax.

Direct peers

  • Panduit: US-based manufacturer of network infrastructure and cable management solutions, including cable trays, ladder racks, and pathway products. Highly comparable in data center and IT infrastructure cable routing.
  • Marshall-Tufflex: UK-based manufacturer of PVC and metal cable management systems, trunking, and floor systems. Comparable as a national/regional specialist overlapping with Niedax in commercial building and infrastructure segments.
  • OBO Bettermann: German family-owned specialist in cable management systems, cable trays, and connection/fastening technology. Headquartered in Germany with strong overlap in product range, customer base, and channel model with Niedax.
  • Atkore: US-listed manufacturer of electrical raceway and cable support systems (cable trays, strut, fittings). Most direct global competitor to Niedax in metal cable management, serving the same industrial, commercial, and data center end markets.
  • HellermannTyton (Aptiv): Global specialist in cable fastening, identification, and management accessories (ties, conduits, routing systems), now part of Aptiv. Closely comparable to Niedax in cable management accessories and industrial customer base.

Regional players

  • Pemsa: Spanish manufacturer of metal cable trays and support systems serving the Iberian and broader Mediterranean markets. Comparable product category with a more regionally focused footprint than Niedax's global network.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Niedax Group social profiles

Digital presence

Niedax Group compliance and trust

Trust signal

Compliance7 records

Niedax Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Niedax Group leadership team

Management profile

Number of profiles

Profiles8 records

Niedax Group subsidiaries and ownership

Company hierarchy

Subsidiaries41 records

Niedax Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Niedax Group M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Niedax Group

What does Niedax Group do?

Niedax Group manufactures and distributes cable management systems and electrical installation materials, including cable support systems, cable conduits, cable ties, fastening materials, PVC cable ducts, aluminum conduit systems, and GRP cable management products. The company operates 25 production plants worldwide processing 375,000 tonnes of steel annually, with a portfolio of over 50,000 products serving industrial, energy, oil & gas, buildings, IT/data center, and transportation infrastructure sectors. The company also operates steel service centers and galvanizing coating services.

Is Niedax Group a public or private company?

Niedax Group is a private company. It is classified as family owned and is currently operating.

When was Niedax Group founded?

Niedax Group was founded in 1920. It employs 1,001 to 5,000 people.

Where is Niedax Group based?

Niedax Group is headquartered in Linz, Germany, in the Europe region.

How does Niedax Group make money?

Three revenue lines are on record. Cable Management Products are the primary driver. The others are steel Service and galvanizing Services.

Who are Niedax Group's main competitors?

Broad incumbents on record are Legrand, Eaton, ABB and Schneider Electric. Direct peers are Panduit, Marshall-Tufflex, OBO Bettermann, Atkore and HellermannTyton (Aptiv). Pemsa is listed as a regional player.

Does Niedax Group have an API?

No public API is recorded for Niedax Group.

What industry is Niedax Group in?

Niedax Group's product category is Electrical Cable Management Systems. Its primary akta.pro industry code is IMADAMAK, Cable Management & Support Systems (Trays/Ladders/Strut), with a secondary code of IMAKABAJ, Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA). Its NAICS code is 3353 and its SIC code is 3620.

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Live signals
The Peninsula NewspaperQatar, Germany discuss exploring investment opportunitiesQatar's Minister of State for Foreign Trade Affairs met with Germany's Federal Minister for Economic Affairs and Energy in Doha to discuss strengthening bilateral trade and investment relations between the two countries. The two sides witnessed the signing of a memorandum of understanding between Qatar's Aamal Company and Germany's Niedax Group to explore establishing a production line for glass-fibre-reinforced plastics in Qatar. The meeting highlighted Germany as one of Qatar's top economic partners in Europe, with both sides expressing commitment to broadening trade exchanges and enhancing private sector cooperation.YahooQatar’s Aamal and Germany’s Niedax sign memorandum to launch advanced cable management facilityAamal Company QPSC and Germany's Niedax Group signed a memorandum to build a cable management facility in Qatar producing GRP and steel products. The project is expected to create about 200 local jobs and export to other Gulf states. The partnership aims to strengthen Qatar-Germany bilateral trade and industrial cooperation.YahooQatar’s Aamal and Germany’s Niedax sign memorandum to launch advanced cable management facilityQatar's Aamal Company QPSC and Germany's Niedax Group signed a Memorandum of Understanding to establish a joint venture manufacturing facility in Qatar, producing advanced cable management products from glass fibre-reinforced polymer and steel. The project aims to serve both the Qatari market and the wider Gulf region, with an expected workforce of approximately 200 local jobs and export capabilities to other Gulf states. The signing ceremony was attended by Qatar's Minister of State for Foreign Trade Affairs and Germany's Federal Minister for Economy and Energy, underscoring the bilateral nature of this industrial partnership.Gulf TimesAamal Company signs MoU with Niedax Group to establish plant for production of cable management productsAamal Company, one of Qatar's leading diversified industrial companies, has signed a memorandum of understanding with Germany-headquartered Niedax Group to establish a joint venture manufacturing facility in Qatar for cable management products made of GRP and steel. The partnership aims to position the venture as a major player in Qatar and the wider Gulf region while supporting Qatar's industrial diversification strategy. The MoU signing was witnessed by officials from both Qatar and Germany, underscoring the strategic economic cooperation between the two countries.GlobeNewswireABB and Niedax Group announce completion of joint venture with the formation of Abnex, Inc.ABB and Niedax Group completed a 50/50 joint venture forming Abnex, Inc., to expand North American cable tray manufacturing. The company integrates ABB's T&B and ExpressTray lines with Niedax's MonoSystems and Canadian Electrical Raceways, employing over 200 people across the U.S., Canada, and Mexico.GlobeNewswireABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North AmericaABB and Niedax Group agreed to form a 50/50 joint venture to integrate their North American cable tray businesses, expected to close in Q4 2024. The venture will serve electrical contractors and systems integrators across the U.S., Canada, and Mexico, leveraging combined product portfolios and manufacturing capabilities.