Czechoslovak Group

CZECHOSLOVAK GROUP a.s.
FormerlyEXCALIBUR GROUP a.s. (until 2016)
IndustryArms, automotive and aerospace industry holding company
FounderJaroslav Strnad [cs]
Headquarters
Prague
,
Czech Republic
RevenueIncrease€ 1,73 billion (CZK 42 billion) (2023)
10,500,000,000 Czech koruna (2023) Edit this on Wikidata
Increase€ 0,21 billion (CZK 5 billion) (2023)
Total assetsIncrease€ 3,35 billion (CZK 85,2 billion) (2023)
OwnerMichal Strnad
Number of employees
over 10.000[1] (incl. subsidiaries) (2023)
Websiteczechoslovakgroup.cz Edit this on Wikidata

The Czechoslovak Group (CSG), formerly Excalibur Group, is a Czech industrial-technological holding company encompassing over 100 companies with over 10,000 employees worldwide. Headquartered in Prague, CSG operates in several sectors including defense, aerospace, ammunition, automotive, and railway industries.[2] Since January 2018, the owner of the Czechoslovak Group is Michal Strnad, the son of the founder, Jaroslav Strnad.

While bulk of the CSG's operations is based in the Czech Republic and Slovakia, CSG also operates factories in Germany,[3] Serbia, Spain, Italy, United States, United Kingdom and India. In 2023, 72% of CSG's revenue originated from defense-related manufacturing. CSG exported its products to over 70 countries, with 66% of the CSG's revenue realized in NATO-member states. Outside of NATO, the main customers were from Ukraine (23% of CSG's revenue, down from 41% in 2022), Indonesia, Vietnam, and Morocco.[4]

In October 2023, CSG announced a deal to purchase ammunition businesses owned by the US company Vista Outdoor in a deal valued at $1.91 billion, pending regulatory approval.[5][6][7][8] Vista's sale to CSG has been protested by senators JD Vance, John Kennedy, representative Clay Higgins and National Sheriffs' Association.[9]

  1. ^ https://www.idnes.cz/ekonomika/domaci/czechoslovak-group-vista-outdoor-cesko-amerika-vyroba-zbrane-michal-strnad.A231016_144906_ekonomika_ihal
  2. ^ "CZECHOSLOVAK GROUP a.s., B 20071 vedená u Městského soudu v Praze". Veřejný rejstřík a Sbírka listin (in Czech). Retrieved 2022-12-15.
  3. ^ https://www.czdefence.cz/clanek/csg-kupuje-od-iff-vyrobu-nitrocelulozy-v-nemecku
  4. ^ Annual Report and Accounts 2023
  5. ^ "Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast". Reuters. 2023-10-16. Retrieved 2023-11-06.
  6. ^ "Strnadova Czechoslovak Group kupuje za 45 miliard muničního giganta v USA". iDNES.cz (in Czech). 2023-10-16. Retrieved 2023-11-06.
  7. ^ Schultz, Clark (2023-12-12). "Vista Outdoor expects to close Czechoslovak deal in 2024 after landing antitrust clearance | Seeking Alpha". seekingalpha.com. Retrieved 2024-01-11.
  8. ^ "The Czechoslovak Group Enters into Definitive Agreement to Acquire Vista Outdoor's Sporting Products Business for $1.91 Billion". Yahoo Finance. 2023-10-16. Retrieved 2024-01-11.
  9. ^ https://zpravy.aktualne.cz/domaci/usa-michal-strnad/r~764d4ed8fc9611eeb689ac1f6b220ee8/