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Rheinmetall and Czechoslovak Group a.s. sign MoU for production and technological support in the field of military vehicles

Rheinmetall and Czechoslovak Group a.s. have signed a Memorandum of Understanding in the field of tactical military vehicles. The signing took place at Hradčany Castle in the presence of the President of the Czech Republic, Miloš Zeman.

Under this new strategic partnership, both companies want to enable the transfer of defence technology between Germany and the Czech Republic in order to implement projects in the Visegrad states as well as other countries. A key Czech industrial and business partner of Rheinmetall, CSG will act as a partner in Rheinmetall projects, together with dozens of other Czech defence companies in its supply chain.

CSG financially supported the Czech Technical University in Prague in the fight against COVID-19

The Czech-Israeli Mutual Chamber of Commerce organized a campaign to support the fight against COVID-19 and gave the financial contribution to the Czech Technical University in Prague. The CZECHOSLOVAK GROUP has been among the donors. The funds will be used to support the production of improvised full-face masks for physicians. However, CTU has been participating in the masks production within the Covid19cz initiative.

CSG unconsolidated revenue reached almost CZK 30 billion in 2019 with EBITDA of CZK 3 billion

Unconsolidated revenue of the CZECHOSLOVAK GROUP (CSG) holding reached CZK 28.5 billion and EBITDA of CZK 2.97 billion in 2019. The revenue increased by 21 percent and EBITDA by 53 percent year-on-year. All major companies of the holding owned by Michal Strnad including TATRA TRUCKS, DAKO-CZ, radar manufacturers and aircraft repair and maintenance providers prospered. Almost 8,000 people worked in companies controlled by Michal Strnad in 2019.

Czechoslovak Group and its products help fight coronavirus pandemic

The Czechoslovak Group holding, and its companies help fight the coronavirus pandemic in both the Czech Republic and Slovakia. The Tatra vehicles used by Czech rescuers, firemen and the Czech Army have priority repair and maintenance at Tatra Trucks, a CSG subsidiary company, these days. CSG representatives also donated respirators to the Pardubice Region last week to deal with the consequences of the pandemic.

RETIA equipped Dubai Metro with a recording system

The Dubai state-owned company RTA is currently upgrading the equipment of its existing metro stations. RETIA from Pardubice contributed significantly to this modernization process by supplying a recording system.

Czech firefighters were given special vehicles on TATRA chassis

On February 18, the special firefighting unit from the Czech town of Hlučín was handed over two special fire-fighting vehicles built on TATRA chassis. Produced thanks to cooperation of several Czech companies, both vehicles are unique in their construction and design. The ceremony was attended by the Minister of the Interior Jan Hamáček, the General Director of the Fire Rescue Service of the Czech Republic Drahoslav Ryba, President of the Fire and Rescue Service of the Slovak Republic Pavol Nereča and others.

CZECHOSLOVAK GROUP has acquired Ifield Computer Consultancy

CZECHOSLOVAK GROUP (CSG) has acquired Ifield Computer Consultancy (ICC) which develops air traffic control and management systems. CSG bought the company, renamed ATRAK, from ICC Ltd. (part of the LAIC Group). The acquisition cost is worth lower hundreds of millions of crowns. ATRAK will join the CSG Aerospace division, and will work closely with CS Soft, another successful member of the holding.