Ducab Metals Business Strengthens Global Position with GIC Magnet Acquisition, Projecting an Additional USD 40.5 Million in Revenue

• Mohamed Al Ahmedi CEO of DMB: Strategically leveraging the acquisition, DMB capitalizes on the expanding market for aluminium wires and strips, which exhibits a growth rate of 2.5% CAGR
• The acquisition will expand DMB’s market reach, enabling DMB to diversify its offerings and engage with a broader range of customers in the power and mobility sector.