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
- Industry
- Aerospace & Defense
- Location
- Washington, United States
- Transaction Type
- Buyout
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