Colt CZ Group SE, through its subsidiary Colt, acquired the intellectual property rights for the Mk 47 Automatic Grenade Launcher, including the Fire Control, from General Dynamics Ordnance and Tactical Systems.
The company did not disclose the terms of the transaction.
Colt CZ said the Mk 47 is a portable 40mm grenade launcher suited for light infantry vehicles and tripod applications.
“This acquisition expands Colt CZ Group’s offerings into the segment of larger and more sophisticated weapon systems and crew-served platforms. The acquisition of this highly capable weapon system is fully in line with our Group’s mission to provide innovative and high-quality products that our customers can rely on in any situation. Also, it will nicely complement the efforts our subsidiary swissAA has in the production of 40mm grenades,” said Jan Drahota, CEO and chairman of the board of directors of Colt CZ Group.
“Colt’s Manufacturing Company is one of the world’s leading manufacturers of firearms used by militaries around the world. Colt has a history of producing crew-served weapons, and 40mm shoulder-fired grenade launchers. Bringing the Mk 47 and Fire Control into the Colt CZ Group will allow our experienced engineering and operations team to expand its capabilities for the Future Soldier requirements,” added Dennis Veilleux, CEO of Colt CZ Group North America and member of the Board of Directors of Colt CZ Group.
Colt CZ Group, headquartered in the Czech Republic, markets and sells its products mainly under the Colt, CZ (Česká zbrojovka), Colt Canada, CZ-USA, Dan Wesson, Spuhr, swissAA, and 4M Systems brands.
Image courtesy Colt CZ
