Public Company Industrial Services

Codan Group

Mawson Lakes, South Australia, Australia

Codan Limited (ASX: CDA) is a global electronics and engineering group developing rugged and reliable hardware, software and embedded systems for communications and sensing use cases, serving military/defence, public safety, humanitarian and other harsh-environment markets.

Focus Areas
Rugged communications and tactical networking systems, Metal detection solutions, Safety and security electronics
Website
codan.com.au

Tracked deals

3

3 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

3 buyout

Codan Group Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Codan Group. 1 2021 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    DTC | A Codan Company
    Target
    Adaptive Dynamics
    Industry
    Cybersecurity
    Type
    Buyout

    DTC, a Codan company and provider of advanced tactical communications systems, announced the acquisition of Adaptive Dynamics, a U.S. company focused on anti-jamming and interference mitigation for mission-critical communications. The deal is intended to strengthen DTC’s spectrum overmatch and resilience capabilities for defense and security customers in contested electromagnetic environments.

  • Buyer
    Codan Group, Codan US Inc.
    Target
    SKT2 LLC dba Kägwerks
    Type
    Buyout

    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.

  • Buyer
    Codan Limited
    Target
    Domo Tactical Communications
    Seller
    Private equity company (unnamed)
    Type
    Buyout

    Codan Limited has agreed to acquire 100% of US-based Domo Tactical Communications (DTC) from a private equity owner. DTC, a specialist in high-bandwidth wireless MIMO mesh networks serving military, intelligence and public safety customers, has around 140 employees and will broaden Codan's tactical communications capabilities and product offering.

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