NKT has acquired a technology consulting unit from ABB specializing in key areas within
power cable development such as Chemistry & Materials, Applied Mechanics and Electrical
Testing, which is a non-core business of ABB. The acquisition includes approximately 30
employees with expert competencies now being part of the existing R&D setup in NKT.
- This is an important step in strengthening our technology capabilities and R&D setup to
maintain our strong market position within innovative power cable solutions. I am pleased to
welcome the new colleagues to NKT bringing expert knowledge in key areas needed to help
continue developing the power cable technology for the future, says Anders Jensen,
Executive Vice President and Chief Technology Officer in NKT, and continues:
- We are keen to continue to grow the consultancy business and leverage the strong
technological capabilities of the team to continue to develop our portfolio of power cables
solutions. With the acquisition we strengthen our competencies within HVDC technology.
This enhances our market position in the growing HVDC market driven by offshore wind and
The acquisition was completed 1 December 2019 and the consultancy business remains
located in Västerås, Sweden.