Australian radio communications manufacturer Codan Limited has reached an agreement to acquire US-based Domo Tactical Communications (DTC).
DTC is a technology provider for high bandwidth wireless communications with specialist capabilities in MIMO Mesh networks and a trusted and long-term supplier to more than 20 key United States government agencies as well as the “Five Eyes” intelligence communities.
Codan Chief Executive, Donald McGurk, said DTC’s products are complementary to Codan’s Tactical Communications solutions and serve similar markets and customers, including military and special forces, intelligence agencies, border control, first responders and broadcasters.
“The acquisition of DTC is consistent with Codan’s well publicised strategic growth plan for our Tactical Communications business,” Mr McGurk said.
“This is focussed on providing total communications solutions by transitioning from a traditional voice only platform via the addition of data and video communication capabilities.
“This acquisition fills a technology gap and will be able to leverage Codan’s global distribution channels into the developing world. Importantly this transaction will be accretive for Codan shareholders from the outset.”
Codan’s President for Tactical Communications, Paul Sangster, said the acquisition is expected to complete by 30 April 2021, subject to a number of US and UK regulatory conditions typical for transactions of this nature.
“DTC is an important strategic acquisition for us and brings complementary capabilities to our existing tactical communications solutions,” Mr Sangster noted.
“We will be able to add immediate value by integrating DTC’s and Codan’s sales and marketing teams as we open up new geographic routes to market.
“Over the long term our combined engineering capabilities will allow us to bring unique communications solutions to a diverse global customer base from military to security to broadcasting.”