Codan to acquire Eventide Communications for 100% control
Key points
- Codan agreed to acquire 100% of US emergency recording specialist Eventide Communications.
- The deal directly expands Zetron's command-and-control footprint into over 4,000 US 911 answering points.
- Codan stated that the transaction aims to complete its public safety workflow across emergency call recording, replay, and investigations.
Codan (ASX:CDA) entered into a binding agreement to acquire 100% of US-based Eventide Communications through its subsidiary Zetron.
The transaction adds more than 9,000 operational recorders across 80 countries, including over 4,000 deployed within US 911 call centres.
Eventide separated from its related audio units in 2023 to establish itself as an independent emergency recording enterprise.
Codan Managing Director and CEO Alf Ianniello said, “Bringing those capabilities into Zetron will extend the workflow across Zetron’s command-and-control product suite and strengthen its ability to serve public safety and adjacent mission-critical markets.”
Codan stated that the acquisition integrates Eventide's automated AI quality tools with Zetron's existing despatch platform.
Following the announcement, the Codan share price was down at $54.29.
The group supplies mission-critical communications and metal detection equipment across military, government, and emergency response sectors globally.
Codan has actively targeted bolt-on public safety and tactical communications acquisitions to widen its core North American footprint.
