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Stock impact report

Coda Octopus Group Announces Acquisition of Precision Acoustics Limited

Coda Octopus Group, Inc. - Common stock (CODA) 
US:NASDAQ Investor Relations: codaoctopusgroup.com
Company Research Source: GlobeNewswire
ORLANDO, FL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today announced that it has completed the acquisition of Precision Acoustics Limited, based in Dorchester, UK, in close proximity to the Company’s subsidiary, Coda Octopus Martech Limited. Precision Acoustics was formed in 1997 and is well established as a leading technical authority to the MHz ultrasound and acoustic measurement markets and is a global leader in the field of hydrophone design and other acoustic-related technologies which have wide application but are currently primarily used in the medical imaging and Non-Destructive Testing (NDT) markets. It is a leading innovator, developer and worldwide supplier of products, materials and customized services to the MHz ultrasound markets and has a sizable market share. Over many years, Show less Read more
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