To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

Paramount Group acquires controlling stake in Nautic Africa

26th November 2013 - 12:37 GMT | by Joyce de Thouars in London

RSS

Paramount Group has acquired a majority stake in Nautic Africa, adding in-house shipbuilding capability to its portfolio. 

The acquisition follows the growing demand of maritime capabilities for the protection of Africa’s coastlines, lakes and rivers as well as its political and economic assets. 

Paramount Group said in a statement released on 26 November that the investment will lead to enhanced production capabilities with the current workforce of 100 expected to double by 2015. 

Nautic Africa offers ‘customised vessel solutions’ and specialises in high-speed, ballistic-protected aluminium patrol vessels ranging from 9-90m for deployment in oil and gas security, anti-piracy and illegal

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 1 free story per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Joyce de Thouars

Author

Joyce de Thouars


Joyce holds a MA degree in Middle Eastern Studies from King’s College London. Before she …

Read full bio

Share to

Linkedin