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Colt CZ Group

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Colt CZ Group
Company typeSocietas Europaea
PSE: CZG
ISINCZ0009008942
IndustryFirearms
Founded10 January 2013; 11 years ago (2013-01-10)
Headquarters
Prague
,
Czech Republic
Key people
Jan Drahota (Chairman and President)[1]
ProductsFirearms
BrandsČeská zbrojovka
Colt
Dan Wesson Firearms
Zbrojovka Brno
4M Systems[2]
Sellier & Bellot
Revenue10,69 CZK billion (2021)
US$492.809 million
1,0 CZK billion (2021)
1,1 CZK billion (2020)
760,5 CZK million (2021)
676,6 CZK million (2020)
Total assets17 CZK billion (2021)
8,8 CZK billion (2020)
OwnerČeská zbrojovka Partners SE[3]
Number of employees
2,196 (2021)
1,673 (2020)
SubsidiariesČeská zbrojovka Uherský Brod
Colt Holding Corporation
CZ Export
CZ-AUTO
CZ - AUTO Systems
4M Systems
Sellier & Bellot
Websitewww.coltczgroup.com

Colt CZ Group SE (formerly Česká zbrojovka Group - CZG) is a holding company for the Czech firearms and related industries group based in Prague, Czech Republic.[4] Its principal firearms brands are Česká zbrojovka (CZ), CZ-USA, and Colt.

In June 2020, the holding company listed its shares on the Prague Stock Exchange with a view of funding an expansion in the United States.[5] The first trading took place in September of the same year.[6][7]

On 11 February 2021 the European company announced the acquisition of the Colt Holding Company (the parent company to the Colt's Manufacturing Company from the US) for $220 million, enabling further expansion into the U.S. market.[8][9] Česká zbrojovka Group completed the purchase on 24 May 2021 and renamed itself Colt CZ Group SE on 12 April 2022.[10][11]

The company's dividend policy estimates the level of a payout to the shareholders at a third of the company's net profit. In 2020 this constituted a payment of CZK 7.50 per single share, considerably increasing to CZK 25 per s/s in 2021.[12]

On December 18, 2023 CZ Group SE announces that it executed an agreement with CBC Europe S.à r.l. to purchase 100% interest in Sellier & Bellot a.s.[13]

January 3, 2024 Colt CZ Group has acquired ownership of the Mk 47 Striker 40mm Advanced Lightweight Grenade Launcher system from General Dynamics Ordnance and Tactical Systems (GD-OTS).[14]

On July 16, 2024, the Governments of Ukraine and the Czech Republic signed two agreements on the joint production of weapons at a joint meeting in Prague. Česká zbrojovka will supply Ukraine with all the parts from which the CZ BREN 2 rifles are assembled.[15][16]

References

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  1. ^ "About us - CZ Group". Česká zbrojovka Group. Retrieved 15 April 2020.
  2. ^ "Brands - CZ Group". Česká zbrojovka Group. Retrieved 15 April 2020.
  3. ^ "Czech gunmaker CZG's scaled-down IPO secures cash for U.S. plant". Reuters. 2 October 2020. Retrieved 2 October 2020.
  4. ^ "CZG - Česká zbrojovka Group SE , Praha IČO 29151961 - Obchodní rejstřík firem" (in Czech). Kurzy.cz. Retrieved 15 April 2020.
  5. ^ "Shares of CZG – Česká zbrojovka Group SE will be listed on the Prague Stock Exchange" (Press release). Česká zbrojovka Group. 31 May 2020. Retrieved 31 May 2020.
  6. ^ "Česká zbrojovka Group vstupuje na burzu". Investice.cz (in Czech). 18 September 2020. Retrieved 25 September 2020.
  7. ^ "Česká zbrojovka Group nabízí akcie na burze. Za výnos postaví továrnu v USA". iDNES.cz (in Czech). 22 September 2020. Retrieved 25 September 2020.
  8. ^ "Česká zbrojovka Group SE to acquire Colt" (Press release). Česká zbrojovka Group. 11 February 2021. Retrieved 11 February 2021.
  9. ^ "Czech gunmaker CZG buys Colt in cash and stock deal". Reuters. 12 February 2021. Retrieved 13 February 2021.
  10. ^ "Česká zbrojovka Group SE Announces Closing of the Acquisition of Colt" (Press release). Česká zbrojovka Group. 24 May 2021. Retrieved 24 May 2021.
  11. ^ "CZG - Česká zbrojovka Group Has Changed Its Name to Colt CZ Group SE" (Press release). Colt CZ Group. 12 April 2022. Retrieved 21 April 2022.
  12. ^ "Colt CZ Group SE announces approval of dividend payment for the year 2021" (Press release). Colt CZ Group. 31 May 2022. Retrieved 29 December 2022.
  13. ^ "COLT CZ GROUP SE ACQUIRES TRADITIONAL CZECH MANUFACTURER OF SMALL CALIBER AMMUNITION SELLIER & BELLOT". www.coltczgroup.com. 18 December 2023. Retrieved 2024-06-05.
  14. ^ "COLT CZ GROUP SE ACQUIRES THE MK 47 AUTOMATIC GRENADE LAUNCHER SYSTEM TECHNOLOGY". www.coltczgroup.com. 3 January 2024. Retrieved 2024-06-05.
  15. ^ "Spolupráce s Ukrajinou je oboustranně výhodná, shrnul Fiala vládní konzultace | ČeskéNoviny.cz". www.ceskenoviny.cz (in Czech). Retrieved 2024-07-16.
  16. ^ "Czech Republic to supply Ukraine with complete set of CZ BREN 2 rifle parts". Ukrainska Pravda. Retrieved 2024-07-16.
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