Denys Sviatokum

Reflecting on this article by CZ DEFENCE, it becomes clear that the relationship between Czech and international businesses has evolved significantly. Traditionally, foreign companies expanded into the Czech market through investments in Czech companies. Today, however, Czech companies are emerging as major players on the global stage, acquiring renowned international firms to enhance their portfolios.   A prime example is the Czechoslovak Group (CSG), which acquired the 700-year-old Spanish munitions factory Fábrica de Municiones de Granada (FMG) and a majority stake in Italy's Fiocchi Munizioni. The group's pending $1.9 billion deal to acquire The Kinetic Group operating segment of Vista Outdoor underscores this shift.   The war in Ukraine has further influenced global demand for specific military products, particularly indirect fire munitions and UAV systems. As I noted in the interview, this increased demand has opened new opportunities for CSG in the U.S. Entering the U.S. market, however, comes with its own set of opportunities and challenges, especially concerning foreign direct investments in companies that are part of the U.S. industrial base and crucial to national defense. Such investments require review and approval by the Committee on Foreign Investment in the U.S. (CFIUS).   The CFIUS approval process, which requires a high degree of transparency and ongoing compliance, can be seen as a hurdle and burden. However, at CSG we view the transparency of the CFIUS process as an advantage, enabling us to build trust through the review process and monitoring measures included in the ensuing national security agreement between the CFIUS and transacting parties.   CSG is confident in a positive outcome of the CFIUS process for the acquisition of The Kinetic Group by our Ammo+ division. This acquisition will reflect CSG’s commitment to expanding our footprint in the U.S. market. This expansion in the U.S. is not just about growth; it's about strengthening the U.S. industrial base, contributing to economic development, and creating jobs in the communities where we operate.   Looking ahead, CSG USA aims to continue its growth through strategic joint ventures and further acquisitions, transferring valuable know-how to the U.S. and strengthening our partnerships. The future holds great promise as we strive to enhance our presence and impact in the U.S. defense sector.   #Innovation #GlobalExpansion #StrategicAcquisitions #CSG #DefenseIndustry #USMarket #InternationalBusiness #EconomicDevelopment

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🔴 More than two and a half years after the beginning of Russia's invasion of Ukraine, Ukraine's defense has significantly evolved. To understand the future of Ukrainian defense, read the contribution of Anastasiya Shapochkina and Hanna Shelest in our latest journal. 👉 https://lnkd.in/gH8VB7En 📢 The latest journal of Confrontations Europe gives the floor to several European think tanks to debate the main challenges that the European project faces for its future. 👉 This review, "Europe Faces the Democratic Challenge," is available on our website: https://lnkd.in/dJcgQTWz.

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The cooperation between the US Army and Patria reached a major milestone at the Maneuver Warfighter Conference in Fort Moore, Georgia, on 10 September, 2024 when a crew of soldiers demonstrated various successful fire missions, using U.S. mortar ammunition with the Patria NEMO 120 mm Turreted Mortar System, integrated onto a U.S. made Armoured Multi-Purpose Vehicle (AMPV) and Fire Direction System (FCD). ”We are extremely pleased to witness the results of our successful cooperation already so far with the U.S. Army and our industry partners. Given the global interest in Patria NEMO’s unique capabilities, we are excited to continue the discussions with the US regarding the next steps and eventually getting Patria NEMO to the U.S. warfighters, increasing their survivability, lethality and manoeuvrability,“ says Janne Räkköläinen, Senior Vice President, Market Area World of Patria. Patria NEMO is a remote-controlled 120 mm mortar system capable of both direct and indirect fire missions – also on the move. Patria NEMO can execute multiple rounds simultaneous impact (MRSI) fire missions with up to 6 rounds hitting the target at the same time. In addition to being highly protected, the system is light, compact and easily installed on light, tracked chassis, wheeled armoured vehicles or navy vessels. Find out more 👉 https://lnkd.in/dggWtRyV #Patria #NEMO #mortar #120mm #defence #industry #military #Finland #Europe #technology #USArmy

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