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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