Ducab Metals Bolsters Global Presence with GIC Magnet Acquisition, Anticipating $40.5 Million in Added Revenue – Corporate News

Ducab Metals Business (DMB) has made a significant move in the metals industry with the strategic acquisition of GIC Magnet, a leading supplier of magnetic solutions. This acquisition is part of DMB’s efforts to expand its product portfolio and global market presence, marking a milestone in the company’s journey towards innovation and sustainability.

Mohamed Al Ahmedi, CEO of Ducab Metals Business, stated that the acquisition of GIC Magnet aligns with their diversification strategy to broaden their portfolio on a global scale. With a projected sustainable revenue growth of USD 40.5 million, DMB aims to penetrate wider markets and advanced economies, providing customers with high-quality, eco-friendly solutions.

The acquisition of GIC Magnet introduces a unique product line to DMB’s offerings, enhancing its position in key sectors such as automobiles, transformers, transportation, and electric vehicles. By fortifying its global presence and becoming a key player in downstream products in the Non-Ferrous metals industry, DMB is well-positioned to meet the rising market demands.

Amit Shah, from GIC Magnet, expressed excitement about joining DMB and contributing their expertise to the company’s global operations. This acquisition is expected to drive sustainable growth in the metal industry and expand DMB’s product offerings to serve a broader customer base.

With a focus on customer satisfaction, innovation, and sustainability, Ducab Metals Business continues to lead the industry with its high-quality copper and aluminium solutions. Through strategic acquisitions like GIC Magnet, DMB reinforces its commitment to excellence and long-term value creation for stakeholders.