ABB and Niedax Establish Abnex, Inc.
ABB has recently completed a joint venture with Niedax Group, creating Abnex, Inc. This strategic partnership aims to expand manufacturing capabilities for cable trays across North America, thereby meeting the changing requirements of customers in the electrical infrastructure sector.
Growth in Cable Tray Manufacturing
With the formation of Abnex, Inc., both companies are set to leverage their complementary product offerings and services. This development comes in response to the growing demand for reliable electrical infrastructure solutions. As the market for cable trays expands, Abnex will serve electrical contractors, distributors, and systems integrators with a diverse array of products and services across Canada, the USA, and Mexico.
What is Abnex, Inc.?
Abnex, Inc. will focus on a wide variety of cable management solutions. This includes systems for commercial, industrial, and residential applications. Products under the Abnex umbrella will feature those previously offered by ABB’s Installation Products, such as the T&B® Cable Tray and ExpressTray® Steel Wire Basket Tray. Furthermore, Niedax Group will contribute its innovative MonoSystems® and Canadian Electrical Raceways.
Innovative Product Portfolio
With a commitment to offering extensive cable tray solutions, Abnex, Inc. aims to provide various configurations and finishes tailored to customer specifications. The organization will equip its clients with both standard and customized options for cable and ladder trays, wire baskets, channel trays, floor systems, and accessories.
Leadership Structure of Abnex
Abnex, Inc. will operate as an independent entity, jointly owned by ABB and Niedax Group. The joint venture will feature an executive leadership team and a board that equally represents both parent companies. Cornelius Steele from Niedax Group will assume the role of President and CEO, while Cyrill Scholer from ABB will serve as Chief Financial Officer. The Board of Directors will also include notable members from both firms, including Bruno Reufels and Khalid Mandri.
Strategic Importance for Both Companies
According to Khalid Mandri, President of ABB’s Installation Products Division, this collaboration strengthens their combined expertise and supports their strategy to invest in new opportunities. This venture not only enhances their product portfolio but also integrates automated manufacturing processes aimed at driving greater efficiency.
Bruno Reufels, CEO of Niedax Group, also expressed enthusiasm about the ability to scale production in North America, thereby enhancing the cable tray offerings. The collaboration is expected to yield innovative solutions that will address the increasing demand within the market.
About ABB and Niedax Group
ABB stands as a global leader in electrification and automation, boasting a substantial history that spans over 140 years. The company champions sustainable practices through its engineering and digitalization capabilities. On the other hand, Niedax Group is known for its extensive cable management systems, operating in over 30 countries and employing more than 2,700 people. With a comprehensive product catalog and expertise in electrical installations, Niedax plays a vital role in the industry.
The newly formed Abnex, Inc. will combine over 200 professionals from ABB and Niedax, ensuring strong capabilities in manufacturing, engineering, and product management. This joint venture marks a significant step in reshaping the landscape of cable management solutions in North America.
Frequently Asked Questions
What is the significance of Abnex, Inc.?
Abnex, Inc. represents a strategic joint venture aimed at enhancing cable management solutions in North America.
Who are the leaders of Abnex, Inc.?
Cornelius Steele will serve as President and CEO, with Cyrill Scholer as CFO and other executives from ABB and Niedax on the Board.
What products will Abnex offer?
Abnex will provide a wide variety of cable tray solutions, including customizable options and a range of configurations.
How does this venture benefit customers?
Customers will gain access to innovative and comprehensive cable management solutions tailored to their specific needs.
What is the history of ABB and Niedax Group?
ABB has over 140 years of history in electrification, while Niedax has been a family-owned business since 1920, specializing in cable management systems.
