Paramount Group has acquired DCD Protected Mobility’s manufacturing facility at Isando and certain industrial assets located there as well as some of the employees at the facility. This will allow it to significantly increase the production capacity of its armoured vehicle range in South Africa, with a potential output of 400 vehicles a year.
Engineering News - Latest Paramount acquisition marks a major consolidation in the SA defence industry
South African defence group Paramount announced on Thursday that it had bought the manufacturing facilities and certain other assets of DCD Protected Mobility (part of South Africa’s DCD industrial and engineering group), as well as taking transfer of selected personnel. Paramount describes itself as Africa’s largest privately-owned defence and aerospace group.
PARAMOUNT GROUP RAMPS UP PRODUCTION CAPACITY BY ACQUIRING INDUSTRIAL ASSETS OF DCD PROTECTED MOBILITY
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.
What stands nearly ten metres tall, weighs a ton, has the body of an Mbombe 6 armoured vehicle and is on a mission to raise awareness of Africa’s endangered wildlife? The answer can be found at the Rand Show 2015.
It’s #Parabot, Africa’s largest superhero robot developed to showcase Africa’s defence technologies and raise awareness of the plight of Africa’s threatened wildlife populations.
Abu Dhabi, 24 February 2015. Today Paramount Group signed a Memorandum of Understanding (MoU) with Motor Sich JSC of the Ukraine to collaborate in the production and modernisation of helicopters and aviation engineering components. The signing, which was witnessed by Ukrainian President Petro Poroshenko, commits the two companies to exploring the opportunity of transferring technologies that exist in both companies, relating to rotary platforms. The signing took place during IDEX 2015 in Abu Dhabi.