Cam Group, Inc announces business combination Update
Press Release | 05/02/2022
CAM GROUP, Inc. (Consolidated Aerospace Manufacturing Defense Group) (OTC: CAMG), International Aerospace Specialized Manufacturing company, Unmanned Systems, Counter-UAS-Robotics; Critical Infrastructure and Key Resources (CIKR) Protection, Cybersecurity; Intelligence, Surveillance, Reconnaissance (ISR) Data Analytics today announced the combination and relocation of its corporate headquarters in Europe and the United States, effective April 15, 2022.
The combination of TECHNOMECA DEFENSE, INC and ACTION DESARROLLOS SECTORIALES S.L includes the acquisition of Assets of both companies including the integration of the entities including the combination of the management team in Austin Texas USA, and Zamudio, Gipuzkoa Spain, with field offices in Rota, Spain; Belfast, United Kingdom and Versailles, France. The hybrid result of this combination is for a value of over $35.000.000 Million including over 15 years of Research and Development.
The management team is well versed in private and public capital markets, both in the US as well as the EU.
The Chairman and CEO Rafael A Pinedo, with experience in the technology, engineering, energy, and defense sector. The President Richard Cohen with experience in the military defense Industry, commented, that expanding our presence in the European region will further our access to new markets in the Defense Industry. "Our recent combination acquisition will expand our footprint to East Europe and build on our momentum as we continue to grow our portfolio. We look forward to growing our presence in NATO countries serving our customers with solutions that help them Proceed with Certainty."
About CAM GROUP, Inc. Headquartered in Austin, Texas,
CAM GROUP, Inc. (Consolidated Aerospace Manufacturing Defense Group) (OTC: CAMG) and serves defense, government, and commercial customers around the world the ability to rapidly mitigate threats faster than ever before possible. For more information, visit https://camgdefense.com/
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