Ducab Metals Business acquires GIC Magnet to expand product portfolio and global market presence
Acquiring Company
Ducab
Acquired Company
GIC Magnet
DubaiManufacturingMiningPrecious MetalsBuilding MaterialManufacturingMiningPrecious MetalsDescription
Ducab Metals Business (DMB) strategically acquires GIC Magnet, a prominent supplier of downstream products in the Non-Ferrous metals industry, to enhance innovation, sustainability, and influence within the metals industry. This acquisition enables DMB to tap into diverse industry verticals, strengthen its global presence, and offer a comprehensive range of high-quality, eco-friendly solutions, reinforcing its commitment to innovation and sustainability.
Quick answer
Ducab is acquiring GIC Magnet, announced April 21, 2024. Ducab is based in Dubai, Dubai, United Arab Emirates.
- How much did Ducab pay for GIC Magnet?
- The deal value was not disclosed.
- What does Ducab do?
- Ducab is a leading manufacturer of cables and wires in the UAE.
- Where are Ducab and GIC Magnet based?
- Ducab is based in Dubai, Dubai, United Arab Emirates.
Source: Fundz verified event record.
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Frequently asked
Who acquired GIC Magnet?
GIC Magnet was acquired by Ducab, based in Dubai. The deal was reported on April 21, 2024. Ducab is a leading manufacturer of cables and wires in the UAE. The company specializes in producing high-quality copper and aluminum cables for various applications. Ducab is privately held and operates in Manufacturing.
When did Ducab acquire GIC Magnet?
Ducab's acquisition of GIC Magnet was reported on April 21, 2024. Ducab Metals Business (DMB) strategically acquires GIC Magnet, a prominent supplier of downstream products in the Non-Ferrous metals industry, to enhance innovation, sustainability, and influence within the metals industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does GIC Magnet do?
GIC Magnet is a supplier of a unique product line including paper-insulated Aluminium strips and is a prominent player in downstream products in the Non-Ferrous metals industry. It is privately held, operating in Manufacturing.
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