Codan takes over Domo

Codan Communications

Wednesday, 19 May, 2021

Codan takes over Domo

Previously announced on the 16th of February this year, Australian company Codan Limited advised that it had reached agreement to acquire all of the shares in United States company Domo Tactical Communications (DTC) from its parent DTC Management Topco. DTC is an established technology provider for high-bandwidth wireless communications with specialist capabilities in MIMO Mesh networks.

The final transaction was successfully completed this month. The total consideration for the acquisition comprised an upfront cash payment of US$88 million (approximately AU$114 million), with the possibility of an additional payment of up to US$16 million if certain earn-out targets are achieved in calendar year 2021.

Image credit: ©stock.adobe.com/au/metamorworks

Related News

Two-thirds of Connecting Victoria projects now complete

The program is delivering 1300 mobile and broadband projects, with more than 900 of these in...

TPG receives warning following Triple Zero compliance failure

The formal warning was issued after TPG failed to notify Telstra — the entity responsible...

TCCA names new TETRA interoperability certification partner

DEKRA will be TCCA's new TETRA Certification Body that will oversee the interoperability...


  • All content Copyright © 2025 Westwick-Farrow Pty Ltd