Takeover of North East subsea firm set to take place after regulatory approval
Posted by Web Master 6 on August 28, 2017 10:15 AM EDT
The takeover of a offshore firm with two North East sites has been given regulatory approval.
JDR Cable Systems, which has sites in Newcastle and Hartlepool, is being acquired by Polish company Tele-Fonika Kable (TFKable) in an undisclosed deal.
The two companies have a long history of collaboration, with TFKable providing water blocked power cores for JDR’s cable and umbilical systems.
JDR’s highly technical subsea systems, used in the global offshore oil, gas and renewable industries, allow its customers to power and control their offshore operations, and will enhance the range of cable solutions TFKable can provide to its customers.