What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Carbon280 launches Kwinana pilot plant following $10.6 million seed round Hydrogen storage startup Carbon280 launched its Hydrilyte Technology Pilot Plant in Kwinana, Western Australia, which aims to prove its technology at an industrially-relevant scale. According to a statement from the…
Electronics manufacturer Codan has delivered its full-year results, with group revenues up 22 per cent to $674.2 million and “all profitability metrics increased” versus the previous financial year. According to a statement from the ASX-listed company on Thursday, net profit after tax was up 27 per cent to $103.5 million and earnings before interest and…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) New drone radio production line boosts defence capabilities in South Australia South Australia is set to enhance its role in national defence with a new drone radio communications production line, part of the DEF129 Uncrewed Aerial Systems project. This development…
Codan completes the acquisition of Kägwerks Communications and metal detection manufacturer Codan, through its wholly owned subsidiary, Codan US Inc, has completed the acquisition of 100 percent of US-based organisation SKT2 LLC dba Kägwerks (Kägwerks). Kägwerks is a leader in tactical operator-worn networking communications technologies that enable connectivity and integrated secure networking in a military…
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…
WOA sells Dirty Clean Food to Jay Albany Wide Open Agriculture is to sell its Dirty Clean Food business to its CEO Jay Albany through his holding company DCF Global. DCF aligns production, manufacturing and distribution to support and grow regenerative farming and regenerative farmers in Western Australia. The deal, work $1.5 million, will enable…
Calix grows on revenue and margin gains in water businesses Industrial technology company Calix has reported a gross profit up 126 percent on the previous corresponding period to $12.2 million on revenue and other income up 28 percent to $16.3 million for the half year ended December 31, 2023. Growth was driven by revenue and…
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…