** Shares of Codan rise as much as 1.4% to A$15.925, their highest levels since Aug 24, 2021
** The technology co acquires U.S.-based SKT2 LLC dba Kägwerks, through its unit, and expands its tactical communications technology suite
** Says acquisition consideration consists of an upfront cash payment of A$33.6 mln ($23.13 mln) together with royalty payments
** Co expects to complete acquisition by early Dec 2024
** Stock has risen 83.6% this year, as of last close
($1 = 1.4524 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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