Nyon and Matten/Interlaken, Switzerland (ots) - KRISS Arms, the
Swiss global leader in firearms innovation, announces the acquisition
of Sphinx Systems Ltd, world leader in high-quality pistol
Founded in 1876, Sphinx has a world-wide reputation as the
benchmark for precision pistols. Manufactured and assembled in
Matten/Interlaken, Switzerland, Sphinx products are used by military
and law enforcement units in Switzerland and abroad. In the
commercial market, Sphinx pistols are valued by competitive shooters.
As noted by the international trade press and media, the patented
KRISS systems have revolutionized traditional firearms engineering.
By eliminating almost all felt recoil and muzzle climb, the Kriss
system ensures a greater degree of control by the shooter. Kriss's
patented technology makes it possible to build significantly lighter,
more powerful and more accurate weapons in both pistol and rifle
Joint development and production will enable the two entities to
introduce innovative products in the small arms field and position
themselves in both local and international government tenders. "We
are very excited to become part of the KRISS Arms Group and to rely
on a strong partner, marrying the best of traditional firearms
manufacturing with the innovation, as symbolized by the revolutionary
patented KRISS Recoil Mitigation Systems." said Armin Landolt, CEO of
Sphinx Systems Ltd.
The acquisition of Sphinx is part of Kriss Arms's strategy to
safeguard Switzerland's respected tradition of technology and
know-how in the small arms field. "We are pleased to be the
initiators of the consolidation of the Swiss small arms industry
through the prestigious Sphinx brand. Preserving the Swiss know-how,
and state- of-the art technology are crucial aspects to position us
as leading players on the international small arms market." said
Christophe Guignard, Director of Marketing of KRISS Arms.
The first products from this consolidation will be showcased early
2011, including models and accessories specifically built for
military and law enforcement and new commercial lines for the U.S.
The expansion of production and sales components will result in
expanded employment positions in Switzerland.
For further information:
Sphinx Systems AG: www.sphinxarms.com
KRISS Systems SA: www.kriss-arms.com
ots Originaltext: KRISS SYSTEMS SA
KRISS Systems SA