Codan tunes into US market with business acquisition
Codan's cash buyout of a North American communications company provides new inroads into that particular market.
Codan, an Australian radio manufacturer, announced on 16 February that it was acquiring 100% of shares in Domo Tactical Communications (DTC) in the US, with the A$113 million ($88 million) buyout to be completed by 30 April subject to regulatory approvals.
Adelaide-based Codan is acquiring the shares from a private equity company. DTC has expertise in multiple input/multiple output mesh networks, which are next-generation software-defined networks where multiple antennas stream data across self-forming and self-healing networks.
Its Special Role Radio, for example, employs the DTC Coded Orthogonal Frequency Division multiplexing waveform to provide high bandwidth data, video and audio
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