The Norwegian giant of military supplies, Nammo (Nordic Ammunition Group), looks to the private arms market in the United States when it expands.
The Norwegian manufacturer, sells military equipment to a number of NATO countries.
When the company from Raufoss plans for growth in the future, there are two markets that stand out: the United States and India, writes the Norwegian newspaper Finansavisen.
The private arms market in the US is a tough market with an enormous number of players, but Nammo's goal is to use its expertise in high-quality weapons, says CEO, Morten Brandtzæg, to Finansavisen.
- Profitability is the most important for us in the coming years. We're not going to go in there by getting into one and one shop.
Takeovers will be part of the strategy, says Brandtzæg.
In addition, they look to India, where there previously has been demanding restrictions to trade with weapons. New legislations in the country will make it easier, and Nammo wants its cut.
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