morelic1955
Well-known member
Check this out........... http://www.codan.com.au/Portals/0/investorpubs/1.%20Acquisition%20Announcement%20.pdf
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MINELAB SOLD!!!!!
- Thread starter morelic1955
- Start date
BarnacleBill
New member
n/t
Codan, like Minelab, has built a strong customer base by providing both quality products and excellent customer service. So as far as any changes invoked due to the "acquistion"........ as far as Minelab detector enthusiasts are concerned, I'd guess it will be transparent. JMHO HH Randy
Steve in Idaho
New member
I wounder if there will be any changes for repair and warranty work, and who will be doing it?
BarnacleBill
New member
At least for U.S., I believe all warranty work is in house(Las Vegas). From reading about Codan though, they have a sales division Manassas VA, which makes sense, since they have an advanced military line of radio equipment that they manufacture. Whether that is a Codan sales only office, or distribution + support I don't know. Sure wouldn't make a bad second U.S. location for the East Coast customers. But the announcement states that they will operate as individual divisions.
Codan appears to be like the Oz version of Motorola's military/commercial radio division.
HH
BarnacleBill
Codan appears to be like the Oz version of Motorola's military/commercial radio division.
HH
BarnacleBill
Gonehunting
New member
Bill, Im new to minelab, do you see this as a problem or will this improve their lines??? I know it's still early but man they sure make a good detector, hope this change does nt make us suffer...
Sooner or later it will happen to all of our loved companies. Not just detector companies either. I've ran my own business for 24 years. If someone dangled enough cash in my face I would sell too! Some businesses are built to be passed on generation after generation. But some family members just don't want the headache of running a company. They would rather have the instant cash. Who could blame them - it's a business. As other owners of metal detector companies are getting older or pass away then there may be the selling off of those companies too. I don't blame then. It's better than just closing shop. It's unlikely that an individual would have millions of dollars to buy a detecting company? This leaves other big businesses to front the cash. We may not like these big companies buying these family run businesses but that's the reality of it all. If we could keep the old timers living to run the companies forever then we would - but we can't. I don't think it's the intention of any business or board members of such to buy a company and run it into the ground.