Colt CZ Group SE acquired Swiss ammunition producer SwissAA Holding Ag. The company financed the transaction with cash reserves, including a recent bond issue for an undisclosed amount.
SwissAA manufactures ammunition and law enforcement technology, specializing in small caliber ammunition, specifically 5.56 mm, 7.62 mm, 9 mm, and 12.7 mm, as well as 40 mm grenade launcher ammunition. The company consists of several 100-percent-owned subsidiaries located in Switzerland and Hungary and holds patents for ammunition.
“We are excited about the acquisition of SwissAA Holding, a high-quality ammunition producer based in Switzerland, which is the partner of the Swiss, Belgian, German, and other military and law enforcement customers. This acquisition is part of our long-term strategy to grow not only in the small arms segment but also in related ones, with ammunition being a natural match to our core products. I am certain that the SwissAA Holding’s top-notch R&D and production capabilities will strengthen Colt CZ Group’s opportunities in the military and law enforcement market,” commented Jan Drahota, CEO and chairman of the Board of Directors of Colt CZ Group.
Colt CZ Group sells its products mainly under the Colt, CZ (Česká zbrojovka), Colt Canada, CZ-USA, Dan Wesson, Spuhr, and 4M Systems brands. Colt CZ Group is headquartered in the Czech Republic and has production facilities in the Czech Republic, the United States, Canada, and Sweden.
