TELE-FONIKA Kable (TFKable Group) has announced that regulatory approval for its acquisition of JDR Cable Systems (JDR) 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.
Richard joined JDR as Chief Operating Officer in 2014. He came with a background of senior management positions at Komatsu, Terex and Technip and holds mechanical engineering and MBA degrees. Richard will head the JDR team alongside the company’s Chief Technology Officer, 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 Chief Financial Officer 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. As a result of the acquisition, TFKable Group, will employ nearly 4,000 people worldwide.