FN Browning Group to acquire Sofisport.

FN Browning Group, a small arms, ammunition and integrated weapon systems designer and manufacturer, agreed to acquire Sofisport, a hunting and sporting shotshells manufacturer. Financial terms were not disclosed. "FN Browning Group and Sofisport are world leaders in their respective fields, with highly complementary and world-renowned expertise. Our two groups also share a similar industrial culture based on local ecosystems and cutting-edge know-how. In a context of industry consolidation, the acquisition would strengthen the competitiveness, growth and local industrial base of each of our companies and their subsidiaries. Together, we would create a strong, sustainable group with leading brands and a comprehensive range of products and services in each of our core businesses: defence and security on the one hand, and hunting and sport shooting on the other," Julien Compere, FN Browning Group CEO.