Czechoslovak Group (CSG)

CSG is a Czech industrial-technological holding company headquartered in Prague that operates in several sectors including defense, aerospace, ammunition, automotive, and related industries. The company encompasses over 100 companies with over 14,000 employees worldwide. The Group's global footprint comprises 39 manufacturing facilities based in the Czech Republic, India, Italy, Serbia, Slovakia, Spain, the United Kingdom and the United States.

CSG's main sectors are defence and security industry, automotive and aerospace industry, with a product portfolio that includes heavy-duty vehicles, radars, air traffic control systems and ammunition of all calibers. CSG is the second largest medium- and large-calibre ammunition producer in Europe and the largest small-calibre ammunition producer globally, selling its products to key long-term customers in over 70 countries worldwide.

Founded in 1995 by Jaroslav Strnad with less than 20 employees, the company initially focused on military surplus equipment and gradually expanded into refurbishment and acquisition of businesses focused on rail, radar, and truck manufacturing. In 2016, Jaroslav's son Michal became Chairman and renamed the company from Excalibur Group to Czechoslovak Group; in 2018, Michal took full ownership and began international expansion. In 2026, the company launched an initial public offering of 15.2% of its stock at Euronext Amsterdam, raising €3.8 billion, which made it the world's largest defense IPO in history.

Key Subsidiaries

Notable subsidiaries include Tatra Trucks and The Kinetic Group (acquired 2024), which includes Remington Ammunition. CSG Aerospace members include radar companies ELDIS and RETIA, air traffic control system developers CS SOFT and ATRAK, and aircraft repair shop JOB AIR Technic.

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