wiredinUSA September 2015

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wiredInUSA - September 2015 13
ABB has completed the divestment
of its Huntersville, North Carolina,
high voltage cable factory in the US
to Southwire Company, Carrollton,
Georgia. The parties mutually agreed
not to disclose the financial terms of
the transaction.
ABB and Southwirewill pursue a business
relationship to leverage the facility
for the land cable portion of certain
HVDC projects. The divestment of the
Huntersville facility is in line with ABB’s
“next level” strategy to continuously
optimize its business portfolio and
to build strategic partnerships. ABB
remains fully committed to the North
American market and to the high
voltage cables business.
Cable sale completion