Codan enters US with communications acquisition

Defence communications and metal detection manufacturer Codan Group is expanding into the United States with the acquisition of 100% of US-based networking communications specialist SKT2 LLC dba Kägwerks (Kägwerks). The acquisition, made through subsidiary Codan US Inc., is valued at $33.6 million together with royalty payments for five years post-closing based on agreed annual sales…

TWPG in NZ acquisition to build capabilities

Specialist and defence tactical watercraft manufacturer The Whiskey Project Group (TWPG) has acquired New Zealand based KJL Sails to expand the company’s presence in the Pacific and strengthen its supply chain of highly specialised maritime technology manufacturing. With this investment, TWPG continues to expand its manufacturing facilities, technologies and its skilled workforce seeing expansion of…

Inovor and Neumann Space join up for satellite platforms

In-space propulsion company Neumann Space and satellite builder Inovor Technologies will work together on the development of the Neumann Drive propulsion system for Inovor’s growing range of satellite bus platforms. The Neumann Drive, an electric propulsion system based on solid metal propellants, has previously been demonstrated successfully aboard the SpIRIT (Space Industry – Responsive –…

Researcher says more needs to be done to cultivate vertical farming’s potential 

The University of Queensland’s Professor of Protected Cropping, Paul Gauthier, has said technological solutions, for example around energy use, and a change of mindset are needed to help controlled environment agriculture live up to its potential and feed a growing population. In a statement from the university on Wednesday, Gauthier mentioned long-term thinking and a…

Fortescue and Liebherr’s $2.8 billion green mining equipment deal

Iron ore miner Fortescue Metals and equipment manufacturer Liebherr have signed a $2.8 billion partnership aimed at developing zero emission mining solutions. The companies made their announcement, which included approximately 360 autonomous battery-electric trucks, 55 electric excavators and 60 battery-powered dozers, at industry event MINExpo. The 475 new Liebherr machines represents about two thirds of…

RØDE launches professional audio studio device

Microphone and audio equipment manufacturer RØDE has branched out, announcing a new production console that combines video switching, production and recording capabilities with a complete professional audio studio. The Sydney manufacturer said that just as its’ RØDECaster Pro had revolutionised podcasting, the RØDECaster Video (pictured) did the same for video production, offering an all-in-one solution…