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…
HF radio and metal detection manufacturer Codan has announced FY24 group earnings before interest and tax of $113.9 million, up 29 percent on the previous corresponding period. Group revenue was up 21 percent in the year to $550.5 million on strong performance of its twin businesses in defence communications and metal detection equipment. Net profit…
Electronics manufacturer Codan’s FY23 results were buoyed by strong gains in its communications businesses partially offsetting disruptions to its African and exited Russian markets for its Minelab metal detection equipment. The Adelaide company reported full year underlying net profit after tax of $65 million, down 35 percent from the previous year, on group revenue down…
Communication and metal detection company Codan has acquired US communication integrator GeoConex LLC as part of the company’s strategy to add technology and capability through bolt-on acquisitions to accelerate growth. At the same time the Adelaide company reported group revenue for the first half of $211.8 million, down 18 percent on the previous corresponding period…
Codan Communications is to supply RF technology to Raytheon Australia which will ultimately be fitted to Australia’s Bushmaster protected mobility vehicles. The Adelaide company has been selected by Raytheon Australia to develop and supply a High Frequency (HF) Amplifier and Antenna System as an element of the Force Level Electronic Warfare System – Land (FLEWS-L)…
Defence radio and metal detection manufacturer Codan has delivered a record underlying profit of $100.5 million in the latest year, a three percent rise on FY21. This was achieved on sales up 16 percent to $506 million, partly reflecting the first year of the acquisition of the DTC and Zetron communications businesses. CEO Alf Ianniello…
Defence communications and technology company Codan has seen its shares jump in value by 13 per cent this week on news of a boom in sales and profits. The Adelaide manufacturer of HF radios for defence customers and hand-held metal detectors’s shares opened this morning at $9.78, up $1.11 since January 24. The run was…
Australian tech company Codan will pay more than $100 million to buy US-based Domo Tactical Communications from a private equity firm.
Adelaide-based technology company Codan has announced a record profit of $64 million, causing its share price to jump more than 17 per cent yesterday.
Adelaide’s Codan Radio Communications is to supply the Bangladesh Army with 200 Codan Patrol 2110M Manpacks providing portable tactical communications capabilities. The company, a division of Codan Limited (ASX: CDA), said the deal gave the company “another multimillion dollar partnership in the Asia Pacific Region.” The company offered “a technically compliant product with superior quality…
