Successful acquisition

Tuesday, 04 March, 2008

Codan Limited has acquired Australian-based metal detection and electronics business, Minelab Electronics Pty Ltd.

Plans to acquire the Minelab businesses for $70.5 million were previously announced on 15 February.

The businesses acquired by Codan are all of Minelab’s metal detection technology operations covering global consumer and countermine markets, and Minelab’s wholly owned subsidiary Parketronics, which provides electronics manufacturing and testing services for Australian manufacturers.

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