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Remsons, India acquires UK based Magal Cables
On October 22, Remsons Industries (RIL) announced that it has signed definitive agreements to acquire assets of Magal Cables Ltd (MCL) and shares of Woolford Properties Ltd. RIL is one of the major suppliers of MCL. Acquisition gives RIL access to key global OEMs. RIL has acquired 100% shareholding of MCL for GBP 2.8....
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