Ceska Zbrojovka, an engineering company, agreed to acquire Colt, a firearms manufacturer, for $220m. “This merger is a strategic step for both companies. The acquisition of Colt, an iconic brand and benchmark in the global and civilian markets worldwide, fits in precisely with our strategy to become a leader in the firearms industry and a key partner for the military, “Lubomír Kovařík, CZG Chairman and CEO.