wiredInUSA October 2016

Taking a major share

NKT Cables will acquire ABB’s high voltage cable system business, part of the ABB power grids division currently undergoing a strategic review. NKT Cables designs, manufactures and supplies power cables for low, medium and high voltage solutions, mainly for the alternating current sector. It has major production facilities in Europe and China as well as sales offices around the world. “We are combining two strong cable portfolios rooted in a shared Nordic heritage that will be more competitive on a larger scale under NKT Cables’ ownership, while maintaining access to supply through a long-term strategic partnership,” said ABB CEO Ulrich Spiesshofer. “ABB’s high voltage cable business will add considerable strength to our portfolio and bring us a world class manufacturing operation. We will leverage the technology, domain competence and highly skilled workforce to grow this business,” said Michael Hedegaard Lyng, president and CEO of NKT Cables. “We look forward to ramping up our long-term partnership that will serve future projects all around the world.” High voltage acquisition

Leoni has purchased 51 percent of the Chinese wiring harness manufacturer Wuhan Hengtong Automotive, so becoming a supplier to the Dongfeng Group and assuring its future growth in the Asian market. Wuhan Hengtong’s 13,000m 2 harness plant is located approximately 700km west of Shanghai, and produces wiring systems for local car manufacturers, including the Dongfeng Group, China’s second largest car producer. It will also supply DPCA, a joint venture between Dongfeng and the French manufacturer PSA. Closing procedure is anticipated within the next three months.

wiredInUSA - October 2016

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