Niedax Group completed the acquisition of Spina Group.

Niedax Group, a supplier of cable management systems, completed the acquisition of Spina Group, an Italian company specializing in the production and supply of material and systems for industrial plants. Financial terms were not disclosed. “We are constantly evaluating growth opportunities that expand our strategic business areas in a beneficial way. The acquisition of the Spina Group underlines this approach. The first-class international customer relationships and expertise in the field of large-scale industrial projects are an excellent addition to our Group's portfolio,” Bruno Reufels, Niedax Group CEO.