Codan's Acquisition of Kägwerks

Codan Limited (ASX:CDA) has announced the acquisition of Kägwerks, a provider of dismounted soldier systems, on 25th September 2024. Kägwerks has developed a portfolio of proprietary DOCKTM branded solutions, including DOCK Lite, DOCK Radio, and DOCK Ultra, aimed at providing soldiers with advanced communication and networking capabilities in the battlefield. The acquisition is in line with Codan's growth strategy to expand its military technology offerings and drive long-term predictable revenues.

Executive Commentary on Kägwerks Acquisition

The acquisition of Kägwerks aligns with our commitment to delivering innovative technology solutions for our customers operating in challenging environments. Kägwerks' DOCKTM solutions complement our existing portfolio and will enable us to provide enhanced communication, networking, and situational awareness capabilities to military and defense personnel. This strategic acquisition is expected to contribute to our long-term growth and further solidify our position as a global leader in tactical operator-worn networking solutions.

Summary of Kägwerks Acquisition

Codan Limited (ASX:CDA) has completed the acquisition of Kägwerks, a leading provider of dismounted soldier systems, to bolster its military technology offerings. Kägwerks' proprietary DOCKTM solutions, including DOCK Lite, DOCK Radio, and DOCK Ultra, are designed to optimize intelligence for deployed personnel, ensure secure networking, and enable real-time connectivity across the command and control chain. The acquisition is expected to drive long-term predictable revenues for Codan and strengthen its position as a global leader in highly tactical operator-worn networking solutions. With Kägwerks' innovative technology integrated into Codan's portfolio, the company aims to continue delivering robust solutions to meet the evolving needs of military and defense organizations worldwide.