Codan Group Acquires US-Based Organisation Kägwerks to Enhance Tactical Communications Offering

Codan ) (ASX:CDA), through a wholly owned subsidiary Codan US Inc., has entered into a binding agreement to acquire 100% of US-based organisation SKT2 LLC dba Kägwerks ( Kägwerks ). This acquisition marks a significant step forward in our strategic growth plan as we continue to strengthen and grow our position as a leading provider of full tactical military radio solutions within our core markets.The acquisition of Kägwerks brings complementary capabilities to our Tactical Communications...

Ashburn, 25/09/2024 (informazione.it - comunicati stampa - economia)

) (ASX:CDA), through a wholly owned subsidiary Codan US Inc., has entered into a binding agreement to acquire 100% of US-based organisation SKT2 LLC dba Kägwerks ( ).

This acquisition marks a significant step forward in our strategic growth plan as we continue to strengthen and grow our position as a leading provider of full tactical military radio solutions within our core markets.

The acquisition of Kägwerks brings complementary capabilities to our Tactical Communications business unit and enables us to broaden our portfolio of solutions. Notably, Kägwerks brings industry-leading intellectual property, technology, and products to our Group. This includes its battle-proven, radio-agnostic dismounted soldier systems which will continue to be part of its systems portfolio of proprietary DOCK™ branded hardware and software solutions, supporting high-powered, third-party soldier communications in contested battlefield conditions. These technologies will also position Tactical Communications as a US soldier communications solutions provider delivering more comprehensive, full-spectrum tactical military connectivity solutions to our customers.

Paul Sangster, Tactical Communications President and Executive General Manager, said: “

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Niko Hughes, Kägwerks' President, said:

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The acquisition aligns with Codan Group's commitment to investing in new technologies and expanding its market presence. By integrating Kägwerk's advanced solutions, we continue to provide our customers with cutting-edge, mission-critical communication systems that deliver unmatched value and performance.

This strategic acquisition reinforces Tactical Communications' dedication to becoming the leading provider of tactical communications solutions across our core markets and supports our goal of enabling mission success for customers around the world.

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Codan is a technology company that develops robust technology solutions to solve customers' communications, safety, security and productivity problems in some of the harshest environments around the world.

Tactical Communications is a Codan business unit that delivers innovative communication solutions for defence, law enforcement, unmanned systems, broadcast, and humanitarian operations globally.

With a focus on reliability, mobility, and interoperability, its leading SDR mesh and HF radios ensure seamless connectivity and operational effectiveness in diverse and challenging environments.