Business
CSG Enters the Hungarian Defence Industry. To Participate in the Delivery of Thousands of Military Vehicles; Investment Plans Also Include Integration of HIMARS Systems at Rába
The global industrial and technology group CSG will acquire a 49% stake in 4iG Space & Defence Technologies, thereby also indirectly becoming a 37% shareholder in Rába Automotive Holding Plc. Through this transaction, the Group confirms its ambition to become a long-term strategic partner of the Hungarian defence industry. The initial investments also include signed contracts for the production and delivery of thousands of military vehicles, as well as potential participation in the HIMARS progr
About this update from Csg N.v.
[{"type":"text","content":"The global industrial and technology group CSG will acquire a 49% stake in 4iG Space & Defence Technologies, thereby also indirectly becoming a 37% shareholder in Rába Automotive Holding Plc. Through this transaction, the Group confirms its ambition to become a long-term strategic partner of the Hungarian defence industry. The initial investments also include signed contracts for the production and delivery of thousands of military vehicles, as well as potential participation in the HIMARS programme for Hungary.","length":521,"tagName":"p"},{"type":"text","content":"The follow-on industrial projects further develop the previously announced partnership between CSG, 4iG and Rába Automotive Holding and create a foundation for long-term investment, technology transfer and the systematic localisation of production in Hungary. These steps will strengthen not only the Hungarian but also the wider European defence industry and reaffirm CSG’s active role in the development of defence capabilities in Central Europe.","length":448,"tagName":"p"},{"type":"text","content":"“CSG is today among the fastest-growing defence industrial groups. We build on in-house development, strong manufacturing capacity and the ability to rapidly scale production across key segments – from land systems and ammunition to complex platforms. We intend to bring this experience to Hungary. Combined with Rába’s industrial heritage and the strategic backing of the 4iG Group, we can significantly enhance manufacturing capacity, technological sophistication and the export potential of both the Hungarian and European defence industries,” said Michal Strnad, CEO and Chairman of the Board of CSG.","length":604,"tagName":"p"},{"type":"text","content":"4iG, in which CSG is a partner, announced the signing of a framework agreement with the Hungarian state for the delivery of up to several thousand heavy tactical vehicles for the Hungarian Armed Forces, with CSG participating in the programme. At the same time, the contracting parties declared their intention to conclude an order for the first several hundred vehicles in the near future. A significant part of the production and assembly will take place in Hungary in cooperation with Rába Automotive Holding, contributing to the strengthening of local manufacturing capacity.","length":579,"tagName":"p"},{"type":"text","cont...