The arms holding company Česká Zbrojovka Group bought the legendary American company Colt. The transaction amount was $220 million, the Izvestia TV channel reports. The takeover of Colt fits into the development strategy of the Czech company, which, according to its head, wants to become a world leader in the production of firearms. Last year, Czech gunsmiths increased their profits by more than 10% due to the active development of Western markets. Now the group is waiting for orders from the US army and other security agencies. The founder of the American company, Samuel Colt, is famous for having invented and patented the revolver in 1836. In 2015, the company went bankrupt and lost all government contracts in the United States.
The arms holding company Česká Zbrojovka Group bought the legendary American company Colt. The transaction amount was $220 million, the Izvestia TV channel reports. The takeover of Colt fits into the development strategy of the Czech company, which, according to its head, wants to become a world leader in the production of firearms. Last year, Czech gunsmiths increased their profits by more than 10% due to the active development of Western markets. Now the group is waiting for orders from the US army and other security agencies. The founder of the American company, Samuel Colt, is famous for having invented and patented the revolver in 1836. In 2015, the company went bankrupt and lost all government contracts in the United States.