Codan acquires Daniels

Codan Limited has acquired Daniels Electronics Limited, designer, manufacturer and supplier of land mobile radio communications (LMR) solutions in North America.

The acquisition, which is scheduled for completion on 17 August 2012, comprises an upfront cash payment of AU$24 million with the possibility of AU$1.9 million in additional payments if certain earn-out targets are achieved over the next 18 months.

“The acquisition of Daniels begins a transition for Codan beyond solely HF systems to a communications solutions provider. Daniels provided the opportunity to enter the LMR market with a competitive and established product line,” said Kevin Kane, president and general manager, Codan Radio Communications Division.

Daniels provides a broad range of land mobile radio communications used by specialised market segments, such as public safety, which require high-performance and high-reliability private communications networks. Its clients include fire services organisations, police, ambulance and other emergency service providers, military, forestry organisations, highways and road contractors, and mining and exploration companies.

“Land Mobile Radio is an outstanding complement to Codan’s existing product line, distribution network and customer base. Many of Codan’s customers already require solutions in addition to HF products and most of our existing distributors are already active in the LMR market. Daniels’ value proposition of interoperability and low power consumption technology is ideal for emerging international markets,” said Kane.

“Originally a family-owned business, Daniels is very happy to be acquired by an Australian company that shares a similar history and culture and that will continue to grow the opportunities for our LMR products,” said Daniels Electronics president and COO Robert Small.