EnergyWatch

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.

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