Codan Limited is a manufacturer and supplier of communications, metal detection, and mining technology, headquartered in Adelaide, South Australia with revenue of A$348.0 million (2020).
Codan Limited is the communications business unit and the parent company of the Codan group, which is engaged in business through its operating segment Radio Communications. This product range is sold to customers in more than 150 countries. In addition to its global service and support network, the Codan group has regional sales offices in Perth (Western Australia), Washington D.C. and Chicago (USA), Victoria, BC, (Canada), Farnham (UK), Cork (Ireland), Itajaí (Brazil), Penang (Malaysia) and Dubai (United Arab Emirates). The company maintains quality assurance systems approved to the ISO 9001:2000 standard.
The company was established in 1959 by three friends from the University of Adelaide: Alastair Wood, Ian Wall and Jim Bettison. The company was established as Electronics, Instrument and Lighting Company Limited (EILCO), renaming as Codan in 1970. Codan was listed on the Australian Stock Exchange in 2003 and expanded into military technology in 2006. In 2005, CEO Mike Heard denied that Codan had knowingly supplied technology to an Al-Qaeda operative in 2001.
Mike Heard acted as the company’s CEO during the 1990s, and held the position until his retirement in 2010. In 2009, Codan established its Military and Security Division in the USA.
On 30 June 2012, Codan Limited sold its Satellite Communications assets to CPI International Holding Corp, and its wholly owned subsidiary CPI International, Inc (CPI).
In 2016, Codan Defence Electronics was established to “leverage core competencies in military radio and countermine technology.”
Industry: Communications, Metal detection, Mining, Electronics
Founded: 1 July 1959 (adopted current name in 1970)
Headquarters: Mawson Lakes, Adelaide, South Australia
Products:
- Communications equipment (radio communications)
- Metal detection equipment (hobbyist, humanitarian, demining and military)
- Mining Technology equipment
Parent: Codan Limited (communications)
Subsidiaries: Minetec Pty Ltd (mining technology); Minelab Electronics Pty Ltd (metal detection)
Website: www.codan.com.au