# Ducab Metals Business acquires GIC Magnet

Ducab Metals Business (DMB) has acquired GIC Magnet to expand its product portfolio and global presence in copper and aluminum solutions.

- Type: Acquisition
- Announced: 2024-04-22
- Where: United Arab Emirates
- Status: announced
- Products: copper strips, aluminum strips, magnet products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ducab Metals Business](https://endata.com/companies/76947.md) (acquirer)
- [GIC Magnet](https://endata.com/companies/76948.md) (target)

## Sources

- [gccbusinessnews.com](https://www.gccbusinessnews.com/ducab-metals-business-acquires-gic-magnet/), 2024-04-22: "The acquisition of GIC Magnet expands DMB’s downstream product offering and aligns with our diversification strategy to expand our market presence and broaden our portfolio on a global scale."
- [utilities-me.com](https://www.utilities-me.com/utilities/ducab-metal-business-targets-40-million-growth-with-market-expansion-and-product-diversification), 2024-05-14: "Ducab Metals Business (DMB), a leading supplier of high-quality copper and aluminium solutions, announced the strategic acquisition of GIC Magnet as part of its ongoing efforts to expand its product portfolio and global market presence."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.