Codan Group (via Codan US Inc.) Acquires Kägwerks (SKT2 LLC)

September 25, 2024

The Codan Group, through its wholly owned subsidiary Codan US Inc., has agreed to acquire 100% of US-based SKT2 LLC dba Kägwerks, a developer of soldier-worn tactical networking communications hardware and software. The deal, funded partly by increased debt capacity and including upfront cash (~$33.6m) plus up-to-5% royalties over five years, positions Codan to expand its tactical communications capabilities and accelerate entry into the US military market.

Buyers
Codan Group, Codan US Inc.
Targets
SKT2 LLC dba Kägwerks
Location
Washington, United States
Transaction Type
Buyout

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