CSG, the Czech defense powerhouse, is actively pursuing new synergies and business prospects in Greece following a strategic joint venture agreement with Hellenic Defense Systems for ammunition production. This partnership, formed by MSM Export, a member of the CSG group, is just the beginning of their ambitions in the region.
The primary objective is to replicate successful models from similar investments in other European nations, establishing a significant presence in the Greek defense sector while enhancing Greece’s role in Europe’s defense autonomy. The CSG group notes that ReArm Europe presents a crucial opportunity, focusing on investments in strategic defense products as a priority.
David Chour, Vice Chairman and COO of CSG, highlighted during a briefing with European journalists in Prague that, “Our goal is to position the CSG group among the leading defense firms globally.” He also mentioned that this ambition will guide their future acquisitions and operational focus.
Chour revealed that recent acquisitions include ventures in the USA and Germany, with plans to deepen their presence in the U.S. while consolidating in Europe.
CSG Group in Greece
In an interview with “N,” spokesman Andrej Čírtek discussed the development of CSG’s presence in Greece, noting that production of 155 mm artillery shells at the Lavrion facility has resumed, thanks to technology transfer from MSM Export. This initiative is poised to create numerous new jobs.
The project with Hellenic Defense Systems, approved by their board and general assembly, will be formally established soon. It benefits from €33 million in support from the EU’s ASAP (Act in Support of Ammunition Production) program and €50 million from CSG.
Production of TNT is set to commence in spring 2027 to align with ASAP requirements. The agreement also covers essential dispersion components, various medium and small-caliber ammunition, and an ammunition remanufacturing assembly line.
Future plans include the production of 120 mm shells for Leopard 2 tanks, which aims to enhance Greece’s defense industry and generate 300-400 new jobs over the next three years.
Regarding the establishment of CSE Greece, Čírtek confirmed that it operates as the commercial agency for CSG in Greece, focusing on promoting their defense and industrial offerings in the local market.
The Lavrion ammunition production project is independently managed by MSM Export and is distinct from CSE Greece. Through CSE Greece, CSG aims to provide the Greek Armed Forces with products like Tatra chassis rocket launchers and firefighting equipment, while also pursuing additional collaboration opportunities.
When asked how the various CSG entities in Greece connect, Čírtek clarified that CSG’s involvement includes different functions across subsidiaries, all coordinated to achieve strategic objectives.
The Lavrio project is handled by MSM Group, specializing in large-caliber ammunition production with facilities in Spain, Slovakia, and Serbia. The joint venture with Hellenic Defense Systems is managed by MSM Export, overseeing technology transfer and the scaling up of production for 155 mm projectiles and future TNT production.
CSG Group offers products like missile launchers and the Patriot 4×4 armored vehicle, tailored for the Greek Armed Forces and manufactured by Excalibur Army, a CSG company focused on military equipment.
CSG’s main commercial division, Czechoslovak Export, established CSE Greece to maintain a significant presence in the region, promoting broader business activities. CSE Greece also aids in negotiations with Greek firefighters and military forces.
Regarding the ReArm Europe initiative, Čírtek emphasized its potential to strengthen Europe’s defense autonomy by enhancing critical production capabilities. CSG Group is exploring potential projects that align with this funding, alongside existing access to bank financing. Their successful experience with EU programs, including securing €30 million from ASAP for the Lavrio project, illustrates their capability to navigate complex regulations. For ReArm Europe to succeed, it must simplify processes, focus on strategic investments in key products, and bolster cooperation among governments, regulators, and industry leaders like CSG, reducing dependence on non-European supply chains.
