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PREMIUM: Codan tunes into US market with business acquisition

18th February 2021 - 09:22 GMT | by Gordon Arthur in Christchurch

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Codan's cash buyout of a North American communications company provides new inroads into that particular market.

Codan, an Australian radio manufacturer, announced on 16 February that it was acquiring 100% of shares in Domo Tactical Communications (DTC) in the US, with the A$113 million ($88 million) buyout to be completed by 30 April subject to regulatory approvals.

Adelaide-based Codan is acquiring the shares from a ...

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