CZ Group completes acquisition of Colt
Česká zbrojovka Group SE (CZG) has announced that it has
successfully completed the 100% acquisition of Colt Holding
Company LLC (Colt) after obtaining all necessary regulatory
approvals from US and Canadian authorities. It is the parent
company of the US arms manufacturer Colt’s Manufacturing
Company LLC and its Canadian subsidiary, Colt Canada Corporation.
CZG and Colt believe that the merger will bring significant operating,
business and research-and-development synergies for the joint
venture, whose total pro-forma revenue for 2020 exceeded USD
570m. It has over 2,000 employees in the Czech Republic, the United
States, Canada and Germany.
Zpracoval kolektiv pracovníků zahraniční kanceláře CzechTrade Bengalúru.