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Tag Archives: ABB to sell cable business to NKT Cables

ABB to sell cable business to NKT Cables

  NKT Cables, a global manufacturer of cable solutions, is acquiring ABB’s global high-voltage cable system business with a total enterprise value of €836 million ($934 million). High voltage cables are key components in sustainable energy networks, used for transmitting large amounts of electricity over long distances. The business is part of ABB’s Power Grids division, which is currently undergoing ...

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