Colt CZ Group SE reported that N7 Defence Holding Zrt. (N7D) has agreed to acquire a 51 percent stake in Colt CZ Hungary, owned by Colt CZ Group International s.r.o, thereby becoming the 100 percent owner of Colt CZ Hungary.
The completion of the transaction is subject to regulatory approvals and other customary conditions. The companies have expressed their commitment to continue cooperating in the production and sale of firearms on standard commercial terms.
Colt CZ said, “For Colt CZ, the transaction represents a strategic step combining the termination of the existing joint venture model with the preservation of long-term business opportunities in the Hungarian market. The newly agreed arrangement includes exclusivity in the small-firearms segment in the Hungarian market, a preferential right to participate in selected European defense projects, protection of the Group’s technological know-how, and a framework for continued manufacturing cooperation. As a result, the group expects to maintain access to business opportunities in the Hungarian market while reducing the risks and capital intensity associated with the existing joint venture model.”
Colt CZ Hungary was established in 2023 as a joint venture between Hungarian state-owned company N7 Holding Ltd. and Colt CZ Group SE. Colt CZ Hungary Zrt. is owned 51 percent by Colt CZ Group International s.r.o. and 49 percent by N7 Defence Holding Zrt. Since 2025, the majority owner of N7 Defence Holding Zrt. has been 4iG Group, a privately owned company listed on the Budapest Stock Exchange.
Colt CZ Group’s portfolio of brands includes Colt, CZ (Česká zbrojovka), Colt Canada, Colt Optics, Dan Wesson, Sellier & Bellot, Spuhr, SwissAA, and 4M Tactical.
Image courtesy Colt CZ
