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UAE’s cable manufacturing company Ducab has acquired UK-based manufacturer AEI Cables to enter the European market
AEI Cables is based in Newcastle in Northern England. The acquisition includes all manufacturing assets and services of 200 employees, according to the company.
Jamal Salem Al Dhaheri, chairman of Ducab, said, “This is a strategic acquisition for Ducab as we have seen the demand growing for specialist cables in the region, and through AEI Cables, we will be able to fast-track development in our factories in the UAE.”
Ducab said that it will continue to manufacture cables for the industrial sector like defence, construction, rail, oil and gas.
Andrew Shaw, MD of Ducab, added that AEI Cables’ staff expertise, library certifications, and strong client base had aided Ducab’s decision to finalise the acquisition.