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CODAN LIMITED — Regulatory Filings 2021
May 6, 2021
64629_rns_2021-05-06_d224d6de-a45c-4a1b-bd68-edd4b1a137b6.pdf
Regulatory Filings
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7 May 2021
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COMPANY ANNOUNCEMENTS PLATFORM AUSTRALIAN SECURITIES EXCHANGE
CODAN COMPLETES ACQUISITION OF ZETRON, INC.
As previously announced on 1 April 2021, Codan Limited (ASX: “CDA”) advised that it had reached agreement to acquire all the shares in Zetron, Inc. (Zetron), from JVCKENWOOD Corporation. Zetron is a leading US based company providing mission critical communications and interoperability solutions.
This transaction has been successfully completed today.
The total consideration for the acquisition comprised an upfront cash payment of USD$45 million (approx. AUD$59 million).
On behalf of the Board
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Michael Barton
Company Secretary
This announcement was authorised by the Board of Directors.
Codan is a technology company that develops robust technology solutions to solve customers’ communications, safety, security and productivity problems in some of the harshest environments around the world.
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FOR ADDITIONAL INFORMATION, PLEASE CONTACT:-
Michael Barton Kayi Li Company Secretary & CFO Manager, Investor Relations Codan Limited Codan Limited (08) 8305 0392 (08) 8305 0392