Caracal takes over Germanys Merkel

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."