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.
DON'T MISS A POST - FOLLOW US ON FACEBOOK!
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.comments powered by Disqus
- Athletes' village unbelievable (bad)
The troubled Rio de Janeiro Olympic Games have arrived at their first major crisis, less than two weeks before the opening ceremony.