Slovak Antimonopoly Office approves acquisition of MATADOR Industries
The owner of STV GROUP strengthens its position as a Central European leader in the defence and civil industry.
STV INVEST, a holding company representing a group of companies in the defence and civil industry, has received final approval from the Slovak Antimonopoly Office to acquire MATADOR Industries. The move strengthens its position in the Central European region and provides new production capacities and expertise. MATADOR Industries, headquartered in Dubnica nad Váhom, specialises in producing components for heavy military equipment, including Zuzana 2 howitzers, and employs over 240 highly skilled workers.
"With the acquisition of MATADOR Industries, the STV Group becomes a Central European leader in the production of military equipment. The new capabilities in the production of complex metal components will enable us to further develop our activities in the civil and defence industry," said Martin Drda, Chairman of the Board of STV INVEST, who is also the owner of the company together with his family.
The planned investments in the production plant in Dubnica nad Váhom include the expansion of the production facilities and the creation of a design centre for military technology for the entire STV Group. The acquisition represents not only a strategic expansion of production capacity but also an opportunity for further growth and involvement in military modernisation projects in Slovakia. The STV Group thus strengthens its position as a reliable partner for ensuring security in the region. Martin Kele, who helped build the entire Matador Group, will now become the new CEO of STV GROUP.
The acquisition is part of the STV Group's long-term strategy of emphasizing innovation and expanding its capabilities to continue to work hard to make the world a safer place.
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