According to Serbian Economist, Michal Strnad’s Czech defense and industrial holding company Czechoslovak Group (CSG) has acquired a controlling stake in Belgrade-based Mechatronics Unmanned Systems & Technology Solutions (MUST Solutions), which manufactures power plants and components for drones.
According to sources, the purchase was made through a new subsidiary, AviaNera Technologies: CSG acquired 51% of the shares from the company’s founder, Vladimir Yazarevic; the amount is undisclosed. MUST specializes in the development and production of compact turbojet and other propulsion solutions for UAS (propulsion systems), which expands CSG’s portfolio in the unmanned systems segment.
CSG notes that the asset will deepen the holding’s expertise in high-tech UAV subsystems and integrate the Serbian development base into the European supply chain.
CSG is one of the largest private defense and industrial holdings in Central Europe (Tatra Trucks, Fiocchi Munizioni, etc.), actively expanding through M&A; its owner is Michal Strnad, who was named the richest Czech in 2025 by a number of ratings. According to Forbes/Bloomberg, the growth took place against the backdrop of increased demand for weapons and ammunition; the group is expanding its presence in Europe and the US.
MUST Solutions (Belgrade) is an engineering company specializing in power plants and components for UAVs; after the deal, control (51%) passed to CSG (through AviaNera), while founder Vladimir Yazarevich retained his stake. The company is known for developing small jet and other engines for UAS.
Source: https://t.me/relocationrs/1749
