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Paramount Group and Navantia sign agreement to look for business opportunities in Africa

Paramount Group y Navantia firman un acuerdo para buscar oportunidades de negocio en África

Intel ID : 230551
Synopsis

South Africa-based Paramount Group, specialized in defense and security, and Spain-based Navantia, a public company engaged in manufacturing vessels and naval control systems, signed an agreement to look for business opportunities in South Africa and other African countries, as reported by the company through a press release published on 19 October 2015.

Specifically, the agreement identifies collaboration areas, such as technology transfer, life cycle support, integration of combat and platform control systems (including products for the Army), procurement and maintenance training.
(content in spanish)

La empresa sudafricana Paramount Group, especializada en los sectores de seguridad y defensa, y la empresa pública española Navantia, dedicada a la fabricación de buques y sistemas de control de la industria naval, han firmado un acuerdo para buscar oportunidades conjuntas de negocio en Sudáfrica y otros países del continente africano, según ha señalado Paramount Group en una nota de prensa del 19 de octubre de 2015.

En concreto, el acuerdo identifica varias áreas de colaboración, como la transferencia de tecnología, apoyo al ciclo de vida, integración de sistemas de combate y de control de plataforma (incluyendo productos para Ejército de Tierra), gestión de compras y formación en mantenimiento.

Relevant Documents

Bidder


Intel ID 230551
Value ND
Native Currency Euro (EUR)
Financial Data - Navantia
(31 Dec 2023)
Revenue: EUR 1.473,40m
Net Debt: EUR 3.893,30m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Industry / Shipbuilding (Primary)
Primary Sector (TTRSC)
35.08.02 Ship Builders
35 Industrials / 35.08 Ship Building & Repair

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Military - State Defense / State Defense (Primary)
Country
Website
Description

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.