Codan - M&A Summary and Business Overview

Electrical EquipmentCompany

Codan M&A Summary

Codan has acquired 4 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Codan’s largest acquisition to date was in 2012, when it acquired Daniels Electronics Limited for $19M. It’s largest disclosed sale occurred in 2012, when it sold Codan Satcom to CPI International for $9M. Codan has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include communications (50%) and aerospace (25%).

Codan Business Overview

Where is Codan headquartered?

Codan is headquartered in Mawson Lakes, Australia.

What is Codan’s revenue?

Codan disclosed revenue of 456M AUD for 2023 and 506M AUD for 2022.

How many employees does Codan have?

Codan has 450 employees.

What sector is Codan in?

Codan is an electrical equipment company.

When was Codan founded?

Codan was founded in 1959.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3

Codan

Codan Limited

Technology Park 2 Second Avenue,
Mawson Lakes, 5095
Australia,
61 8 8305 0311
www.codan.com.au

Codan designs, manufactures and markets a diversified range of products and systems for the international high frequency radio, satellite and terrestrial microwave communications markets, and for the consumer and countermine metal detection markets. Codan was founded in 1959 and is based in Mawson Lakes, Australia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - 2 - - 1 4
vol $19M $19M
Sell (0.0/yr) # 2 - - - - - 2
vol $9M $9M
  6

Most Recent M&A

Company Date Value Type
SKT2 LLC 2024-09-25 - Add-on Acquisition
Vancouver, Washington · www.kagwerks.com
Zetron, Inc. 2021-03-31 - Add-on Acquisition
Redmond, Washington · www.zetron.com
Domo Tactical Communications Ltd. 2021-02-16 - Add-on Acquisition
Ashburn, Virginia · www.domotactical.com
Daniels Electronics Limited 2012-08-17 19M CAD Add-on Acquisition
Victoria, British Columbia · www.danelec.com
Codan Satcom 2012-05-30 9M USD Divestiture
Boalsburg, Pennsylvania
Codan Broadcast Products Pty Ltd. 2010-07-26 - Divestiture
Adelaide, Australia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 2 (50%) - - -
Aerospace 1 (25%) - - -
Electronics 1 (25%) 19M (100%) - -
Electrical Equipment - - 1 (50%) 9M (100%)
Technology Hardware - - 1 (50%) -
Total 4 $19M 2 $9M

By Geo

State/Country Buy Value Sell Value
United States 3 - 1 9M
  Washington 2 - - -
  Virginia 1 - - -
  Pennsylvania - - 1 9M
Australia - - 1 -
Canada 1 19M - -
  British Columbia 1 19M - -
Domestic - - 1 (50%) -
Cross-border 4 (100%) 19M (100%) 1 (50%) 9M (100%)
Total 4 $19M 2 $9M

Deal Values

buy # Total
< $100M 1 $19M
TOTAL $19M
Largest Daniels Electronics Limited
$19M (2012-08-17)
sell # Total
< $100M 1 $9M
TOTAL $9M
Largest Codan Satcom
$9M (2012-05-30)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
2 (100%)

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