JDR aquisition formally approved

Group TELE-FONIKA Kable, a leading global producer of wires and cables, today announces that regulatory approval for its acquisition of JDR Cable Systems (Holdings) Ltd., a premier supplier of subsea umbilicals and power cables to the offshore energy industry, has been granted. The completion, which is expected within a week pending final legal and administrative proceedings, comes as JDR introduces its new Chief Executive Officer, Richard Turner.

Richard joined JDR as Chief Operating Officer in 2014 to lead the global manufacturing, project management and supply chain functions. He came with a background of senior management positions at Komatsu, Terex and Technip and holds mechanical engineering and MBA degrees. Richard comments: “The opportunities for JDR... ... More: Official Press Release JDR

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JDR, cable, TFKable, aquisition