Coda Octopus Group Acquires Precision Acoustics Limited
November 4, 2024
Coda Octopus Group, Inc. (Nasdaq: CODA) has completed the acquisition of Precision Acoustics Limited, a Dorchester, United Kingdom-based developer and manufacturer of hydrophones and high-frequency ultrasound measurement equipment. The purchase (cash consideration of $5.16m plus up to $1.29m in contingent payments) brings Precision Acoustics' acoustic expertise and product lines into Coda's underwater and defense technology portfolio to expand capability and address new end markets.
- Buyers
- Coda Octopus Group, Inc.
- Targets
- Precision Acoustics Limited
- Industry
- Manufacturing
- Location
- Dorset, United Kingdom
- Transaction Type
- Buyout
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