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Paramount Group history
Paramount Group company history timeline
Paramount Group was established by South African entrepreneur and industrialist Ivor Ichikowitz in 1994; its headquarters were established in Sandton, South Africa.
During 2006, Paramount Group began developing its own portfolio of aerospace products, acquiring a number of surplus South African Air Force (SAAF) Dassault Mirage F1s that same year.
During 2009, Paramount Group purchased a 19% stake in the South African aerospace company Aerosud.
During February 2011, Paramount Group announced the launch of a joint venture with Abu Dhabi - based defence business International Golden Group for the latter market and distribute Paramount Group’s products and services in the United Arab Emirates.
In September 2011, the company unveiled a new project, the AHRLAC Holdings Ahrlac (Advanced High Performance Reconnaissance Light Aircraft), a versatile low-cost aircraft designed for light attack and reconnaissance missions.
During December 2011, the UK national newspaper The Daily Telegraph reported that the Paramount Group's Wikipedia article had been edited by accounts linked to the controversial public relations company Bell Pottinger.
On 10 June 2013, Paramount Group announced that their takeover of Advanced Technologies and Engineering (ATE) was at an advanced stage.
During November 2013, Paramount Group announced that it had gained a controlling stake in ship builder Nautic Africa; it stated its intention to produce a new range of vessels, claiming it would help Africa protect against piracy.
During February 2014, Paramount Group announced that it had acquired Aerosud as a part of its strategy to rapidly expand its presence within the aerospace and defence markets.
By 2016, the business reportedly has government clients in 28 countries across five continents. along with partnerships with numerous leading international defence and aerospace players.
During September 2018, it acquired the South African boat manufacturer Austral Marine.
On 20 September 2018, Italian aerospace manufacturer Alenia Aermacchi signed an agreement with Paramount Group for the latter to evaluate and develop a combat-orientated model of the former's M-345 trainer aircraft to suit the requirements of prospective African customers.
The loan bears interest at LIBOR plus 600 bps and matures in October 2019 with an option for a one-year extension.
The loan has a fixed interest rate of 8.3 percent and matures in 2022.
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| The Numbers | 1997 | $2.6M | 10 | 2 |
Paramount Group history FAQs
Zippia gives an in-depth look into the details of Paramount Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Paramount Group. The employee data is based on information from people who have self-reported their past or current employments at Paramount Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Paramount Group. The data presented on this page does not represent the view of Paramount Group and its employees or that of Zippia.
Paramount Group may also be known as or be related to PARAMOUNT GROUP, INC., Paramount Group, Paramount Group Inc and Paramount Group, Inc.