The global industrial and technology group CSG (Czechoslovak Group) will participate in the newly announced strategic partnership between the Hungarian group 4iG and Rába Automotive Holding Plc., a leading Hungarian manufacturer of heavy vehicles and their components.
4iG Group is acquiring a 74% stake in Rába and is simultaneously making a mandatory offer to purchase the remaining shares. The total value of the transaction amounts to nearly HUF 25 billion (just under EUR 64 million or CZK 1.55 billion).
Based on a preliminary agreement, CSG Defence, a CSG subsidiary and the division covering its defence industry activities, will have the opportunity to acquire up to a 49% stake in 4iG SDT EGY Zrt., the company through which 4iG is executing the transaction with Rába. This represents up to a 37% indirect stake for CSG in Rába. The agreement also includes provisions granting 4iG the rights to sell, assemble, service, and distribute heavy wheeled chassis for military and special-purpose vehicles in Hungary.
“Partnership with 4iG and Rába represents a significant step in our long-term efforts to strengthen the defence industry in Central Europe. By combining Rába’s manufacturing capacities, CSG’s strong industrial base, and Tatra Trucks’ expertise in the development and production of unique off-road vehicles, we are creating a strong industrial foundation capable of delivering modern and competitive solutions not only for Hungary, but also for other markets,” said Jan Marinov, CEO of CSG Defence.
“With the support of CSG, we are opening a new chapter in Rába’s history. The combination of Rába’s nearly 130-year tradition, 4iG’s strategic vision, and CSG’s international experience will enable us to build modern industrial capacity that will strengthen Hungary’s position within NATO and the European Union,” said Gellért Jászai, Chairman of the Board of 4iG Plc.
About 4iG Group
4iG Group is a leading Hungarian technology and industrial group active in telecommunications, IT, space, and defence technologies. Through its subsidiary 4iG Space and Defence Technologies (4iG SDT), it is building a comprehensive defence portfolio in land, air, and space technologies, aiming to strengthen Hungary’s role within NATO’s defence ecosystem.
About Rába
Rába Automotive Holding Plc., founded in 1896 and listed on the Budapest Stock Exchange, is a leading Hungarian manufacturer of axles, components for heavy vehicles, and special-purpose vehicles. Rába has decades of experience in the defence industry; its vehicles are used by the Hungarian Armed Forces, and the company also cooperates with international partners, for example on the Gidrán 4x4 armoured vehicle program. Its products are exported to the European Union, the CIS, and the United States.
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