{"id":91212,"date":"2024-04-23T00:00:00","date_gmt":"2024-04-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/"},"modified":"2024-04-23T00:00:00","modified_gmt":"2024-04-23T00:00:00","slug":"ducabs-metals-subsidiary-acquires-gic-magnet-wire","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/","title":{"rendered":"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire"},"content":{"rendered":"

Dubai Cables subsidiary <\/strong>Dubai Metals Business<\/a><\/strong> (DMB) has acquired Dubai-based <\/strong>copper and aluminum producer <\/strong>GIC Magnet Wire<\/a><\/strong>, according to a {press release}<\/a>. The acquisition allows the Dubai Cables subsidiary to expand its downstream product offering, CEO Mohamed El Ahmedi said. GIC Magnet is also the only supplier from the region with market approval from US original equipment manufacturers (OEMs), the statement said. <\/p>\n

The acquisition is expected to reel in some USD 40.5 mn in increased annual revenues<\/strong>, according to the statement. <\/p>\n

About the companies: <\/strong>DMB\u2019s products range from copper and aluminum rods and wires to cable conductors, with 75% going towards 45 countries across the Middle East, Africa, Asia, Europe, and the Americas, according to its website. GIC Magnet\u2019s products include copper rods and paper- and fiberglass-insulated wires, with a 50k square foot manufacturing facility in Jebel Ali. The company exports to 14 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition allows the Dubai Cables subsidiary to expand its downstream product offering<\/p>\n","protected":false},"author":1,"featured_media":91213,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[1152,7,60,64],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-ducab","tag-enterpriseam-uae","tag-ma-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"a12f02c5-502b-4c72-9450-2f62c88d3b0b","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/980.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire","related_issue":[91208],"teaser":"The acquisition allows the Dubai Cables subsidiary to expand its downstream product offering","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.726a34ae-fc98-453f-9b57-9f38b4c2641a.mp3"},"yoast_head":"\nDucab\u2019s metals subsidiary acquires GIC Magnet Wire - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire\" \/>\n<meta property=\"og:description\" content=\"The acquisition allows the Dubai Cables subsidiary to expand its downstream product offering\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire\",\"datePublished\":\"2024-04-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\"},\"wordCount\":150,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ducab\",\"EnterpriseAM UAE\",\"M&A WATCH\",\"MANUFACTURING\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\",\"name\":\"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-23T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/","og_locale":"en_US","og_type":"article","og_title":"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire","og_description":"The acquisition allows the Dubai Cables subsidiary to expand its downstream product offering","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/","og_site_name":"UAE","article_published_time":"2024-04-23T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire","datePublished":"2024-04-23T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/"},"wordCount":150,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1","keywords":["Ducab","EnterpriseAM UAE","M&A WATCH","MANUFACTURING"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/","name":"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1","datePublished":"2024-04-23T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Ducab\u2019s metals subsidiary acquires GIC Magnet Wire"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/980.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=91212"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91212\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/91208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/91213"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=91212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=91212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=91212"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=91212"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}