ABB, a Swedish–Swiss electrical equipment manufacturer, and Niedax Group, a supplier of cable management systems, agreed to form a joint venture. Financial terms were not disclosed. “The intention to form a joint venture represents a significant milestone in our strategy to drive sustainable growth and enhanced customer value. By integrating ABB's extensive expertise in digital technologies and trusted brands and Niedax's industry-leading cable management systems, we are well-positioned to meet the evolving needs of our customers and bring our combined expertise to emerging opportunities in the North American market,” Bruno Reufels, Niedax Group CEO.