CZG completes acquisition of Colt Česká zbrojovka Group

Published: 25.05.2021 Related countries:  India India

Česká zbrojovka Group SE (CZG) has announced that it has successfully completed the 100% acquisition of Colt HoldingCompany LLC (Colt).

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.

Source: www.cianews.cz

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