Codan takes over Domo

Codan Radio 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: ©

Related News

Two international contracts awarded to Barrett Communications

Contracts support global peacekeeping operations and civil infrastructure systems for both Chile...

Optus switches on first six mmWave locations

Eight out of 10 handsets sold by Optus are 5G-enabled, highlighting the growth in demand.

Group business development director promotion by BAI Communications

Role includes developing 5G IoT solutions.

  • All content Copyright © 2021 Westwick-Farrow Pty Ltd