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Danish NKT acquires R&D consultancy from ABB [free access]

December 30, 2019

Denmark's NKT Cables has acquired the technology consulting unit from the Swedish-Swiss ABB, in a move to strengthen its research and development (R&D) department and maintain its well-built market position within innovative power cable solutions.

 

The acquired division specialises in non-core business areas of NKT Cables, which includes areas within power cable development such as chemistry and materials, applied mechanics and electrical testing.

 

With this business acquisition, it also seeks to strengthen its competencies particularly within the growing high voltage direct current (HVDC) market, driven by offshore wind and cross-border interconnection projects.