Group TELE-FONIKA Kable announces that regulatory approval for its acquisition of JDR Cable Systems (Holdings) Ltd., has been granted. The completion, which is expected within a week pending final legal and administrative proceedings, comes as JDR introduces its new CEO, Richard Turner.
Richard will head the JDR leadership team alongside the company’s longstanding CTO, James Young. Both will join the JDR board along with TFKable Group’s board of directors. David Currie, JDR’s current CEO, and Ivan Coyard, currently CFO, will be taking up new roles as Executive Advisers to the new JDR Board.
TFKable Group adds JDR’s two UK production sites in Hartlepool and Littleport to its existing six in Poland, Ukraine and Serbia. The Group also gains JDR’s other UK offices and adds overseas sales and service units in the US, Brazil, Germany and Singapore.
