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Ducab acquires UK cable manufacturer

Dubai Cable Co (Ducab) has completed the acquisition of AEI Cables, one of the oldest cable makers in the world, Emirates 24-7 has reported. The acquisition of the England-based company includes all the manufacturing assets of the business. AEI currently serves a number of industrial market sectors including defence ship-building, mining, rubber industrial, rail (over and underground), tunnels, air-field lighting, shipping and offshore. Ducab didn’t disclose the value of the deal.