A Codan Manpack . Source: The Lead.
Australian tech company Codan will pay more than $100 million to buy US-based Domo Tactical Communications from a private equity firm.
The South Australian technology company with business pillars in communications, mining automation and metal detector manufacture has been on a steep trajectory in the past 12 months, reporting a record profit of $64 million in August for the 2020 financial year.
The result included record sales in its communications and metal detection divisions, totalling $348 million, and established the Adelaide-based company as one of the South Australia’s fastest-growing companies.
Headquartered in Adelaide, South Australia, Codan has offices in North America, Europe, Asia, Africa, Australia and the Middle East and manufacturing operations in South Australia, Canada, the United States and Malaysia.