DTC acquires UK-based Broadcast Wireless Systems for up to $8.5mn
SYDNEY, AUSTRALIA: Codan Limited’s (ASX:CDA) subsidiary Domo Tactical Communications (DTC) has acquired 100% of the shares in UK-based company, Broadcast Wireless Systems Limited (BWS) from BWS’ founders. The transaction is funded by Codan’s existing debt facility, which consists of an upfront payment of $3.7 million, with the possibility of an additional payment of up to…