NKT's cable business will chase growth after split

With the acquisition of ABB's cable business and the upcoming split of the NKT group, the company is paving the way for larger growth. NKT is poised to become one of the world's leading cable manufacturers for offshore wind farms, both within and beyond Europe.

The coming split of NKT group will not just give the company a clearer profile for investors, it will also deliver a solid boost in operations to the cable division, says the company.

Monday, NKT unveiled its financial expectations arising from the upcoming split of the group, whereby the cable division and the vacuum cleaner manufacturer Nilfisk will become two separate entities.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs