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REUNERT AND CSG ESTABLISH FUCHS ELECTRONICS EUROPE
Reunert and CSG strengthen European security of supply through the establishment of an independent electronic fuze manufacturing capability in Slovakia
Reunert today confirmed that it has concluded an agreement with CSG, formerly known as the Czechoslovak Group, to establish a strategic European electronic fuze manufacturing capability for large calibre ammunition in Slovakia. The business, to be named Fuchs Electronics Europe, shall be owned 51% by Reunert and 49% by CSG. The establishment of the business is subject to customary regulatory and closing conditions, including applicable foreign investment screening, competition authority, defence-sector and exchange control approvals.
Fuchs Electronics, a wholly-owned proudly South African subsidiary of Reunert, is a globally recognised design authority for electronic fuzes, with more than 60 years’ experience and technology that is operationally proven and fielded across multiple armed forces worldwide.
The establishment of Fuchs Electronics Europe reflects the long-term commitment by Reunert and CSG to build an independent, in-market supply capability for European customers that will be supported from South Africa by Fuchs Electronics as the technology originator and design authority. The business will operate as an agnostic supplier, not tied to any single ammunition original equipment manufacturer or end-customer, supporting diversified demand and resilient supply chains.
The production facility will be located in Dubnica nad Váhom in Slovakia, underpinned by Fuchs Electronics’ technology and operating know-how and CSG’s manufacturing footprint, regulatory and licensing know-how, established supply chain and customer access. This combination will position Fuchs Electronics Europe to respond on a competitive basis to the structural growth in European artillery demand as defence ministries modernise and rebuild their artillery stockpiles. The business is being established on a capital-efficient basis supported by a binding launch order underpinning its revenue during the three-year ramp-up period. It is envisaged that the business will be self-sufficient within approximately three years from the start of operations and will achieve attractive margins, which are expected to be value accretive to both Reunert and CSG.
“The investment significantly enhances CSG’s large calibre ammunition portfolio. Electronic fuzes are technologically sophisticated and strategically important components. The combination of Fuchs’ world class technology with our manufacturing and distribution capability will increase CSG’s competitiveness and reinforces our role as a reliable partner to European customers,” said Jan Marinov, CEO of CSG Defence.
Reunert believes Fuchs Electronics Europe will provide European customers with a credible and reliable source of advanced electronic artillery fuzes while reinforcing the role of independent technology partners in Europe’s evolving defence ecosystem. Importantly, this creates a strategic growth opportunity for Reunert by significantly expanding its access to the European artillery market.
“Combining our technological know-how with CSG’s industrial capability creates a strong European manufacturing base for electronic artillery fuzes aligned with the applicable NATO qualification requirements. The investment in Fuchs Electronics Europe will allow Reunert to respond more effectively to the growing demand for modern artillery ammunition and contribute to the strengthening of Europe’s industrial defence capacity,” added Trevor Raman, CEO of Reunert’s Applied Electronics Segment.
Reunert Investor Relations and Communications
Karen Smith
Tel: +27 82 887 9417
E-mail: karens@reunert.co.za
CSG Press Service
Andrej Čírtek
Tel.: +420 602 494 208
E-mail: andrej.cirtek@csg.com
About electronic artillery fuzes
The fuze is a critical element of every artillery shell, determining both the timing and mode of detonation. In modern 155 mm ammunition, electronic fuzes are now standard, enabling multiple modes of operation, being impact, delay, time, or airburst at a precisely defined altitude above the target. Compared to mechanical solutions, they offer greater accuracy, enhanced flexibility, and improved integration with modern fire control systems. Their production is technologically demanding, characterized by high added value and strategic importance for ammunition original equipment manufacturers.
About CSG
CSG N.V. (“CSG”) is a Dutch company and a leading European defence industrial group, with its top management headquartered in Prague, Czech Republic. CSG develops and delivers defence and industrial technologies that contribute to a safer and more stable future. The Group focuses on the development and manufacturing of strategically important products, systems and technologies in the fields of defence and ammunition, as well as in related sectors such as aerospace. CSG operates key manufacturing facilities in the United States, the United Kingdom, Spain, Italy, Germany, the Czech Republic, Slovakia, Serbia and India, and exports its products worldwide. The Group continues to invest in the growth of its portfolio companies and the expansion of its core business activities. Key companies within the Group include Excalibur Army (Czech Republic, land systems), Tatra Trucks (Czech Republic, vehicles), MSM Group (Slovakia, artillery ammunition) and The Kinetic Group (United States, small-calibre ammunition). CSG employs more than 14,000 people across its integrated and affiliated companies. In 2025, the Group reported annual revenues of EUR 6.7 billion. CSG shares are traded on Euronext Amsterdam under the ticker CSG. More information is available at: www.csg.com
About Reunert
Founded in 1888, Reunert Limited (“Reunert”) is a JSE-listed industrial group with a portfolio of high-quality assets across the Electrical Engineering, ICT and Applied Electronics Segments. The Group’s strategic growth initiatives, strong cash generation and disciplined capital allocation continue to support a robust balance sheet and long-term earnings trajectory. For more information, visit www.reunert.co.za or www.reunert.com
About Reunert Applied Electronics Segment | Defence Cluster
Reunert Applied Electronics Segment comprises South African defence and technology manufacturers and systems integrators delivering advanced electronic fuzes, radar and tracking systems, secure communications, precision electronic components and full turnkey engineering solutions for local and global defence, aerospace, industrial, mining, cybersecurity and rail markets
About Fuchs Electronics
Fuchs Electronics Proprietary Limited (“Fuchs Electronics”) was founded in 1963 to enhance South African defence electronics production focused largely on exports of electronic fuzes into the European, Middle-Eastern, Indian and South-East Asian regions. As an equipment designer and manufacturer, Fuchs Electronics is a trusted supply chain partner to international original equipment manufacturers and end-customers, providing quality electronic fuze products. Fuchs Electronics’ products are suited to harsh operational conditions and usable on various international platforms.
60 YEARS
Fuchs Electronics Celebrates 60 Years of Innovation and Excellence
Fuchs Electronics is proud to celebrate 60 years of leadership in the defence and electronics industry. To mark this significant milestone, we recently hosted an exclusive stakeholder breakfast, bringing together long-standing clients, industry colleagues, and partners to reflect on our journey and explore the future together.
A highlight of the event was the launch of our commemorative book, which was revealed during the breakfast. This special publication celebrates Fuchs’ rich history, our contributions to the industry, and the key moments that have defined our business over the past six decades.
Among the distinguished guests was General Kobbie from the South African National Defense Force (SANDF), whose presence highlighted the deep ties and collaboration between Fuchs and the defence community. This event also provided a valuable opportunity for networking and celebrating the incredible milestones that have shaped Fuchs through the years.
Fuchs has always been a proud member of the Reunert family, contributing to the group’s strong legacy. Our success has been fuelled by our dedicated staff, unwavering commitment to innovation, and deep engagement with our local communities. Over the years, we have become a leader in fuze development, continually driving technological advancements to support both local and global markets.
As we look back on our achievements, we also look forward to the next chapter—continuing to innovate and serve with the same passion that has defined us for the past six decades.
Thank you to everyone who has been part of this journey with us!
