Colt CZ Group SE has announced the completion of its acquisition of 100% of New England Expert Technologies Corp., the owner of Valley Steel Stamp Inc. (VSS). The transaction was finalized on June 16, 2025.

According to a press release, the purchase price was USD59.5m (approximately CZK1.28bn) before adjustments for working capital and cash. This represents a multiple of 5.0x 2024 EBITDA, and the acquisition was financed entirely with Colt's cash.

Colt did not overpay for the acquisition. In our view, VSS is valued at a discount to Colt's multiples. VSS's figures represent approximately 4% of Colt's revenue and 5% of EBITDA.