ABU DHABI — Abu Dhabi-based light weapons manufacturing company Caracal International has acquired full ownership of the German company Merkel that manufactures hunting guns and light weapons.
Under the deal, Caracal International will acquire the German company's production lines in Germany, US and its distribution networks in Europe and America. These networks are currently distributing several products of other international companies particularly in the American markets.
Hamad Khalifa Al Neyadi, managing director of Caracal International, said: "The successful deal will soon give our company significant presence in the global markets."
The deal is part of Caracal's strategic plan in reaching and competing in the world markets, said Al Neyadi, adding that acquiring of Merkel means that the company will have a strong distribution network for its products.
Al Neyadi said that over the last four years Merkel has developed highly advanced equipment and is currently producing about 50 types of sophisticated light arms and hunting guns, with a yearly production capacity of more than 10,000 units.
Caracal International would takeover the sales of Merkel in the Gulf, Middle East and South East Asia markets. It will also continue its development process in cooperation with Merkel Group.
