2/24/21
Codan Limited announced that it has entered into an agreement to
acquire 100% of the shares in U.S.-based company, DTC, from a private equity company. The acquisition is expected to be completed by April 30, 2021, subject to regulatory conditions typical for transactions of this nature.
DTC is an established commercially-off-the-shelf technology provider of high bandwidth wireless communications with capabilities in MIMO Mesh networks and next generation software defined radios that stream data across its self-forming and self-healing networks.
DTC is a trusted and long-term supplier for more than 20 key U.S. government agencies, as well as the "Five Eyes" intelligence communities, including Military, Special Forces, Border Control, First Responders and Broadcasters. DTC is headquartered in the U.S., with locations in the UK and Denmark.