Colt CZ Group
{{Short description|Czech holding company}}
{{Cleanup press release|1=article|date=October 2024}}
{{Infobox company
| logo = Colt cz logo.svg
| logo_size =
| logo_alt =
| logo_caption =
| logo_padding =
| type = Societas Europaea
| traded_as = {{PrSE|isin=CZ0009008942|CZG}}
| ISIN = {{ISIN|sl=n|pl=y|CZ0009008942}}
| industry = Firearms
| fate =
| successor =
| founded = {{start date and age|2013|1|10|df=y}}
| hq_location_city = Prague
| hq_location_country = Czech Republic
| key_people = Jan Drahota (Chairman and President){{cite web|url=https://www.czg.cz/about-us|title=About us – CZ Group|publisher=Česká zbrojovka Group|access-date=15 April 2020}}
| products = Firearms
| brands = Česká zbrojovka
Colt
Dan Wesson Firearms
Zbrojovka Brno
4M Systems{{cite web|url=https://www.czg.cz/brands|title=Brands - CZ Group|publisher=Česká zbrojovka Group|access-date=15 April 2020}}
Sellier & Bellot
| revenue = [https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 10,69 CZK billion (2021)]
US$492.809 million
| operating_income = [https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 1,0 CZK billion (2021)]
[https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 1,1 CZK billion (2020)]
| net_income = [https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 760,5 CZK million (2021)]
[https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 676,6 CZK million (2020)]
| assets = [https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 17 CZK billion (2021)]
[https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 8,8 CZK billion (2020)]
| owner = Česká zbrojovka Partners SE{{cite news|url=https://www.reuters.com/article/us-ceskazbrojovka-ipo-idUSKBN26N1EQ|title=Czech gunmaker CZG's scaled-down IPO secures cash for U.S. plant|author-first1=Jason|author-last1=Hovet|publisher=Reuters|date=2 October 2020|access-date=2 October 2020}}
| num_employees = [https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 2,196 (2021)]
[https://www.coltczgroup.com/en/investors-financial-results-and-presentations/ 1,673 (2020)]
| num_employees_year =
| subsid = Česká zbrojovka Uherský Brod
Colt Holding Corporation
CZ Export
CZ-AUTO
CZ - AUTO Systems
4M Systems
Sellier & Bellot
| website = {{Official URL}}
}}
Colt CZ Group SE (formerly Česká zbrojovka Group – CZG) is a Czech firearms and related industries holding company, based in Prague.{{cite web|url=https://rejstrik-firem.kurzy.cz/29151961/czg-ceska-zbrojovka-group-se|title=CZG – Česká zbrojovka Group SE , Praha IČO 29151961 – Obchodní rejstřík firem|publisher=Kurzy.cz|language=cs|access-date=15 April 2020}} Its principal firearms brands are Česká zbrojovka, CZ-USA, and Colt.
History
In June 2020, the holding company listed its shares on the Prague Stock Exchange, hoping to fund an expansion into the United States.{{cite press release|url=https://www.czg.cz/shares-of-czg-ceska-zbrojovka-group-se-will-be-listed-on-the-prague-stock-exchange|title=Shares of CZG – Česká zbrojovka Group SE will be listed on the Prague Stock Exchange|publisher=Česká zbrojovka Group|date=31 May 2020|access-date=31 May 2020}} The first trading took place in September of the same year.{{cite news|url=https://www.investice.cz/ceska-zbrojovka-group-vstupuje-na-burzu|title=Česká zbrojovka Group vstupuje na burzu|website=Investice.cz|language=cs|date=18 September 2020|access-date=25 September 2020}}{{cite news|url=https://www.idnes.cz/ekonomika/domaci/ceska-zbrojovka-group-burza-verejna-nabidka-akcii-cenne-papiry-investori.A200922_102849_ekonomika_maz|title=Česká zbrojovka Group nabízí akcie na burze. Za výnos postaví továrnu v USA|website=iDNES.cz|language=cs|date=22 September 2020|access-date=25 September 2020}}
On 11 February 2021 the company announced the acquisition of the Colt Holding Company (the parent company to Colt's Manufacturing Company) for $220 million, enabling further expansion into the U.S. market.{{cite press release|url=https://www.czg.cz/czg-to-acquire-colt/|title=Česká zbrojovka Group SE to acquire Colt|publisher=Česká zbrojovka Group|date=11 February 2021|access-date=11 February 2021}}{{cite news|url=https://www.reuters.com/article/czg-colt-idUSL1N2KH3HO|title=Czech gunmaker CZG buys Colt in cash and stock deal|work=Reuters|date=12 February 2021|access-date=13 February 2021}} Česká zbrojovka Group completed the purchase on 24 May 2021 and renamed itself Colt CZ Group SE on 12 April 2022.{{cite press release|url=https://www.czg.cz/czg-announces-closing-of-the-acquisition-of-Colt-PR/|title=Česká zbrojovka Group SE Announces Closing of the Acquisition of Colt|publisher=Česká zbrojovka Group|date=24 May 2021|access-date=24 May 2021}}{{cite press release|url=https://www.coltczgroup.com/en/media-press-releases/czg-ceska-zbrojovka-group-has-changed-its-name-to-colt-cz-group-se |title=CZG - Česká zbrojovka Group Has Changed Its Name to Colt CZ Group SE |publisher=Colt CZ Group |date=12 April 2022 |access-date=21 April 2022}}
The company's dividend policy estimates the level of shareholder payout as a third of the company's net profit. In 2020 this constituted a payment of CZK 7.50 per single share, increasing to CZK 25 per s/s in 2021.{{cite press release|url=https://www.coltczgroup.com/file/735|title=Colt CZ Group SE announces approval of dividend payment for the year 2021|author=|publisher=Colt CZ Group|date=31 May 2022|access-date=29 December 2022}}
On December 18, 2023 CZ Group SE announced it had reached an agreement with Companhia Brasileira de Cartuchos (CBC Europe) to purchase 100% interest in Sellier & Bellot.{{Cite web |date=18 December 2023 |title=COLT CZ GROUP SE ACQUIRES TRADITIONAL CZECH MANUFACTURER OF SMALL CALIBER AMMUNITION SELLIER & BELLOT |url=https://www.coltczgroup.com/en/media-press-releases/colt-cz-group-se-acquires-traditional-czech-manufacturer-of-small-caliber-ammunition-sellier-bellot |access-date=2024-06-05 |website=www.coltczgroup.com}}
On January 3, 2024, Colt CZ Group acquired ownership of the Mk 47 Striker 40mm Advanced Lightweight Grenade Launcher system from General Dynamics Ordnance and Tactical Systems (GD-OTS). {{Cite web |date=3 January 2024 |title=COLT CZ GROUP SE ACQUIRES THE MK 47 AUTOMATIC GRENADE LAUNCHER SYSTEM TECHNOLOGY |url=https://www.coltczgroup.com/en/media-press-releases/colt-cz-group-se-acquires-the-mk-47-automatic-grenade-launcher-system-technology |access-date=2024-06-05 |website=www.coltczgroup.com}}
On July 16, 2024, the Governments of Ukraine and the Czech Republic signed two agreements on the joint production of weapons. Česká zbrojovka will supply Ukraine with all the parts from which the CZ BREN 2 rifles are assembled.{{Cite web |title=Spolupráce s Ukrajinou je oboustranně výhodná, shrnul Fiala vládní konzultace |url=https://www.ceskenoviny.cz/zpravy/2543509 |access-date=2024-07-16 |website=ČeskéNoviny.cz |language=cs}}{{Cite web |title=Czech Republic to supply Ukraine with complete set of CZ BREN 2 rifle parts |url=https://www.pravda.com.ua/eng/news/2024/02/23/7443426/ |access-date=2024-07-16 |website=Ukrainska Pravda |language=en}}
See also
- Colt Canada - Canadian arm of Colt acquired as Diemaco (founded in 1974) in 2000.
References
{{Reflist}}