Colt CZ Group is pleased to announce the continued global expansion of its small arms manufacturing network to include the Colt CZ Hungary facility, where the Group owns a majority share and fully controls all production activities. This newly built, firearms manufacturing plant will provide additional manufacturing capacity to support the increasing worldwide demand for CZ’s commercial, military, and law enforcement products. All processes will be supervised by CZ Specialists, who are recognized around the world as experts in high-quality engineering and manufacturing.
This joint venture between Colt CZ Group and the government of Hungary that began in 2018 will not only continue to supply military grade CZ firearms to the Hungarian Armed Forces, but also serve to manufacture small arms for export globally. The investment and technology transfer from CZ in Uhersky Brod, Czechia includes state-of-the-art manufacturing processes, robotics, fully automated turning and milling centers, and advanced finishes. Global production will continue to provide the same high quality, dependability and exceptional shooting comfort modern-day militaries and shooting sports enthusiasts have found synonymous with the CZ brand.
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. 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. The first trading took place in September of the same year. 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. Česká zbrojovka Group completed the purchase on 24 May 2021 and renamed itself Colt CZ Group SE on 12 April 2022.
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. 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. 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).
