Reunert partners CSG on Slovakia electronic fuze project 

Reunert Limited, a leading South African industrial group, has agreed to form a new electronic fuze manufacturing business in Slovakia with Czech defence and industrial group CSG, formerly known as the Czechoslovak Group, as European governments increase spending on artillery ammunition and rebuild depleted stockpiles. 

The new company, Fuchs Electronics Europe, will be owned 51% by Reunert and 49% by CSG. The partners said the venture will manufacture electronic fuzes for large-calibre ammunition for European customers. 

The transaction remains subject to regulatory approvals, including foreign investment, competition and defence-sector clearances.

Fuchs Electronics brings six decades expertise

Reunert said the venture would create an independent supply base for European customers, supported by South African technology developed by its wholly owned subsidiary, Fuchs Electronics. 

Fuchs Electronics has operated for more than 60 years and is known for designing electronic fuzes used by several armed forces globally. Reunert said the new business would not be tied to a single ammunition producer or customer, allowing it to supply a broader range of defence manufacturers across Europe. 

Production will take place in Dubnica nad Váhom, Slovakia, combining Fuchs Electronics’ technology and engineering expertise with CSG’s manufacturing capacity, regulatory experience and distribution network across Europe. 

The companies said the facility is expected to benefit from rising artillery demand as NATO members and other European countries modernise defence systems and replenish ammunition inventories following years of increased military spending. 

“The establishment of Fuchs Electronics Europe reflects the long-term commitment by Reunert and CSG to build an independent, in-market supply capability for European customers,” Reunert said in a statement Friday. 

The project will launch with a binding order that is expected to support revenue during the first three years of operations. Reunert said the business is expected to become self-sustaining within about three years.

CSG strengthens large-calibre position

CSG Defence Chief Executive Jan Marinov said the investment strengthens the company’s position in the large-calibre ammunition market. 

“Electronic fuzes are technologically sophisticated and strategically important components,” Marinov said. “The combination of Fuchs’ technology with our manufacturing and distribution capability will increase CSG’s competitiveness and reinforce our role as a reliable partner to European customers.” 

Trevor Raman, chief executive of Reunert’s Applied Electronics segment, said the partnership would allow the South African group to respond more effectively to growing European demand for modern artillery ammunition. 

“Combining our technological know-how with CSG’s industrial capability creates a strong European manufacturing base for electronic artillery fuzes aligned with NATO qualification requirements,” Raman said. 

Reunert said the venture would strengthen its access to the European artillery market while giving customers another source of advanced fuze technology.

Reunert Limited spans engineering and ICT

Reunert operates across electrical engineering, information and communications technology, and applied electronics. Founded in 1888, the company has been listed on the Johannesburg Stock Exchange since 1948 and also trades on A2X.

The company reported revenue of R6.3 billion ($383.3 million) for the six months ended March 31, 2026, up slightly from R6.2 billion ($377.7 million) a year earlier. Operating profit fell 23% to R453 million ($27.5 million) from R585 million ($35.5 million) in 2025. 

The group has also undergone leadership changes. Anthonie was appointed group chief executive on March 1, 2026. Within the applied electronics division, Trevor Raman joined Reunert in 2020 in a strategic role, later becoming CEO of Reutech and then segment head for applied electronics in 2021.

CSG’s global expansion 

Prague-based CSG manufactures military vehicles, radars, avionics systems and ammunition. The company operates more than 100 subsidiaries across three continents and employs over 14,000 people worldwide. 

Earlier this year, CSG completed a public listing on Euronext Amsterdam in one of the defense sector’s largest initial public offerings in recent years.