Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Czechoslovak, a Czech defence conglomerate, announced the acquisition of the 57-hectare Gnaschwitz site in Landkreis Bautzen,from Maxam, a Spanish explosives manufacturer and ignition technology expert, which will result in the creation of up to 125 new jobs.
The company will invest €100 million to produce nitroglycerine and other energetic materials. The move follows CSG’s strategy to strengthen Europe’s munitions supply chain and support the availability of strategic energy materials. It represents a significant investment in Germany’s defence industry.
The company employs around 14,000 people worldwide.
Eurofound (2026), Czechoslovak Group (CSG), Merger/Acquisition in Germany, factsheet number 300833, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300833.