"ST Kinetics and Paramount Group each has a proven track record in the design and development of land systems vehicles," said Sew Chee Jhuen, president of ST Kinetics.
"This partnership allows us to bring together the reputable products of Paramount Group with our capabilities in systems integration and manufacturing to offer cost effective protected mobility solutions to our customers."
Among the wheeled armored vehicles to be produced and marketed are ST Kinetics' Terrex 8x8 armored personnel carrier, Paramount's mine-protected Mbombe 6x6 Armored Fighting Vehicle, Maverick 4x4 internal security vehicle, Marauder Troop Carrier and Matador 4x4 multi-role mine protected vehicle.
"Our collaboration with ST Kinetics represents an invaluable springboard into the Asia-Pacific region for Paramount Group," said its executive chairman, Ivor Ichikowitz. We are both ambitious, innovative businesses which understand our customers' needs and the changing demands of modern defense and peace-keeping."