Česká Zbrojovka group (CZG) has signed the final agreement for the
acquisition of the 100% stake in Colt Holding Company. The value of
the transaction reaches USD 220m in cash and 1.1 million newly
issued common shares. The transaction is subject to regulatory
approval. It will likely be settled in 1H 2021. With the acquisition,
CZG will acquire additional production capacities in the US and
Canada and expand its customer network. Colt is a supplier to the
U.S. Army and, through its Canadian subsidiary, also an exclusive
supplier of small arms to military forces in Canada.
Source: ČIA NEWS, February 15th, 2021, www.cianews.cz/en
Compiled by the team of CzechTrade office in Riga.