Breaking news
Paramount Group to acquire DCD Protected Mobility facilities to boost armored vehicles production.
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Defence & Security Industry News - Paramount Group
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| Paramount Group to acquire DCD Protected Mobility facilities to boost armored vehicles production. | |||
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Paramount Group, the Africandefence and aerospace business, April 9, 2015, announced the acquisition of certainmanufacturing facilities, industrial assets and employees of DCD Protected Mobility, a leading South African armoured vehicle manufacturer, in a move that will boost armoured vehicle production in Africa asglobal demand for military industries.
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 Paramount Group of South Africa produces a full range of combat armoured vehicles. |
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The announcement follows an increasing demand for Paramount’s world-class range of military and internal security vehicles from the most discerning defence and police forces across the world.
Situated in Isando, Johannesburg, the newly acquired manufacturing facilities will enable Paramount Group to significantly increase the production capacity of its armoured vehicle range in South Africa. Paramount Group recently announced a major contract withJordan during IDEX 2015, the largest defence expo in the Middle East. Paramount Group will supply the Jordanian Armed Forces with 50 of its leading infantry fighting vehicles, the Mbombe 6. The vehicles will be manufactured in South Africa and Jordan. John Craig, CEO of Paramount Industrial Holdings said: “It has always been Paramount Group’s vision to develop equipment that can be produced in customer countries while maintaininghigh value jobs in design, research &development and production in South Africa.In anticipation of significant growth in our order book, we have been investigating the prospects of greatly increasing our production capability in Africa.
“To this end, we explored a number of ways of doing so, and are now pleased to announce that we concluded the transaction to secure the manufacturing facilities, certain assets and selected personnel of DCD Protected Mobility, a Division of the DCD Group (Pty) Ltd.” |
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 Paramount Group Mbombe 6x6 armoured infantry fighting vehicle during trial tests in Jordan. |
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Executive Chairman of Paramount Group, Ivor Ichikowitz said: “At Paramount Group we have always believed that the technologies which we develop, and the products which wemanufacture, are competencies that belong to the African continent. We are firmly committed to strengthening the research, designand manufacturing capability on the African Continent.”
“Once fully operational, this facility will be one of the largest armoured vehicle and land forces manufacturing facilities anywhere in the world, with a capacity to scale production to more than 400 units per annum. This will have a significant impact on our supplier base and for the South African economy at large.” Ben Jansen, CEO of Paramount Combat Systems said “We have been exploring opportunities to complement the capabilities and resources of our Combat Systems Business Unit which has been experiencing rapid growth due to major contracts signed in recent months. “The capabilities that existed in DCD Protected Mobility’s production facilitywill be integrated with Paramount Combat Systems, enabling us to bolster the strength and diversity of our production, leading to increased business opportunities, innovation, new product development and R&D.” Ichikowitz concluded: “Paramount Group constantly strives to attract and develop the best talent and technologies in the industry ensuring that we have the optimum skills and technological base in our organisation to meet the future demands of customers, including the capability to deliver large scale vehicle programmes anywhere in the world.”
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