$70.5 million acquisition

Monday, 18 February, 2008

Global communications specialist Codan Limited has announced the proposed $70.5 million acquisition of Australian-based metal detection and electronics business, Minelab Electronics Pty Ltd.

Like Codan, Minelab is an Australian-built, multi-award winning business that has successfully scaled world markets to command global leadership in its key areas of operation.

The acquisition includes all of Minelab’s metal detection technology and businesses, covering global consumer and countermine markets, and the company’s wholly owned subsidiary Parketronics, which provides electronics manufacturing and testing services for Australian manufacturers. Minelab’s specialist Halcro audio equipment operations are not being acquired.

Related News

Chicago gets USA's largest subway 4G system

By the end of 2015, Chicago will have the largest public transit system in the US with 4G...

Motorola rumoured to soon be up for sale

Industry observers expect Motorola Solutions to soon be up for sale, following stagnant market...

Motorola wins Canadian emergency comms contract

Emergency services in Vancouver have selected Motorola's ASTRO P25 to replace the current...

  • All content Copyright © 2021 Westwick-Farrow Pty Ltd