Paramount Group acquires armoured vehicle design firm

Posted On 28 Jun 2013
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Paramount Group, the privately-owned defence and aerospace company, has acquired the specialist design and engineering firm, Industrial and Automotive Design (IAD,) in a move that will increase the company’s land systems capability. Paramount Group has developed advanced land systems, and the acquisition will further enhance the company’s position. Ivor Ichikowitz, Executive Chairman of Paramount Group, stated, ‘The acquisition of IAD continues Paramount’s culture of innovation and our constant desire to offer the market the best and most advanced technologies available. Bringing IAD into our Group means that we now have an in-house design capability that will strengthen our competitive edge and deliver cutting edge solutions.’ With over 160 years of experience in providing innovative, automotive design solutions to industry, IAD is one of the top companies capable of delivering specialist in-house military vehicle design to the market. The company claims to be responsible for designing the only 15 tonne mine-protected vehicle able to reach speeds of 150km/h. Ben Jansen, CEO of IAD, stated, ‘We look forward to continuing to provide revolutionary technology to the market through the strength of the Paramount Group collaboration. IAD will continue to serve its diverse client base and we are excited about the opportunities which the partnership with Paramount Group presents to our existing customers and the wider market.’

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.