M&A Deal Summary

Codan Acquires Daniels Electronics Limited

On August 17, 2012, Codan acquired electronics company Daniels Electronics Limited for 25M CAD

Acquisition Highlights
  • This is Codan’s 1st transaction in the Electronics sector.
  • This is Codan’s largest (disclosed) transaction.
  • This is Codan’s 1st transaction in Canada.
  • This is Codan’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2012-08-17
Target Daniels Electronics Limited
Sector Electronics
Buyer(s) Codan
Deal Type Add-on Acquisition
Deal Value 25M CAD

Target

Daniels Electronics Limited

Victoria, British Columbia, Canada
Daniels Electronics Limited is a designer, manufacturer and supplier of land mobile radio communications (LMR) solutions in North America.

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Buyer(S) 1

Buyer

Codan

Mawson Lakes, Australia
Category Company
Founded 1959
Sector Electrical Equipment
Employees450
Revenue 456M AUD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 4
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-30 Codan Satcom

Boalsburg, Pennsylvania, United States

Codan Satcom is a prominent supplier of solid-state RF subsystems for satellite communications services to commercial and government end users. Codan Satcom has operations in Newton, South Australia and Boalsburg, Pennsylvania.

Sell $9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 DTC

Ashburn, Virginia, United States

DTC is an established technology provider for high bandwidth wireless communications with specialist capabilities in MIMO Mesh networks (next generation software-defined networks where multiple antennas stream data to and from devices across a network that is self-forming and self-healing). DTC was formed in 1979 and is based in Ashburn, Virginia.

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