Communications company Codan has announced a $70 million takeover of another South Australian business Minelab, which makes metal and landmine detection devices.
Codan will acquire all the shares in Minelab, which has 130 workers at Torrensville in Adelaide and another 60 overseas.
Codan says the takeover is expected to greatly boost its earnings and give it major technology, market and product diversification.
Codan will acquire all the shares in Minelab, which has 130 workers at Torrensville in Adelaide and another 60 overseas.
Codan says the takeover is expected to greatly boost its earnings and give it major technology, market and product diversification.