CSG strengthens its footprint in Poland with the acquisition of wiring harness manufacturer DOMAR MS

Core Viewpoint - CSG, through its subsidiary CSG Polska, has signed a preliminary agreement to acquire DOMAR MS, a leading Polish manufacturer in the defence sector, which is expected to enhance CSG's manufacturing capacity and supply chain for defence systems [1][3][4] Group 1: Acquisition Details - The acquisition of DOMAR MS marks CSG's first entry into the Polish market and is part of a long-term strategy to develop activities in Poland, focusing on modern solutions for the Polish Armed Forces and increasing local production [2][5] - The transaction is subject to customary regulatory approvals and is expected to be completed within several weeks [13] Group 2: Strategic Importance - Integrating DOMAR MS into CSG's structure will strengthen the group's manufacturing capabilities and expand its supply chain for key components in defence systems [3][12] - The acquisition is seen as a crucial step in building a resilient European supply chain for the defence industry, optimizing production costs, and accelerating the development of new systems [4][12] Group 3: Employment and Growth - CSG plans to retain the current workforce of approximately 220 employees at DOMAR MS, with plans to increase employment to around 300 later this year [6] - The acquisition will allow DOMAR MS to continue fulfilling existing contracts while opening new opportunities for international market expansion [7][8] Group 4: Company Background - DOMAR MS specializes in producing critical components for the defence industry, including cable harnesses and electrical connectors used in military vehicles and aerospace applications [10][16] - CSG has established itself as a significant player in the European defence sector, with a focus on developing and delivering advanced technologies and systems [14]