23.08.2017
Regulatory approval granted for TFKable Group`s acquisition of JDR
Group TELE-FONIKA Kable (“TFKable Group”), a leading global producer of wires and cables, today announces that regulatory approval for its acquisition of JDR Cable Systems (Holdings) Ltd. (“JDR”), 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.