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.

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

Siemens Gamesa to squeeze GE's flagship out of US market

The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.

Norway plans to control hydro to safeguard power supply

With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.

Further reading

Related articles

Latest News

See all jobs