paragon acquires 82 p.c of SemVox GmbH and launches company division for digital guidance techniques information with extra aspects

The issuer is solely responsible for the content material of this announcement.paragon acquires 82 percent of SemVox GmbH and launches business division for digital counsel methods

– paragon concludes buy contract for acquisition of eighty two p.c of SemVox GmbH stake – choice for additional 18 p.c secured

– With the brand new Digital assistance division, paragon is enforcing its announced entry into the digital enterprise

– SemVox is a number one B2B technology business enterprise for proactive assistants in keeping with synthetic Intelligence and desktop getting to know

– numerous vehicle types already equipped with SemVox technology

– enlargement of the paragon product portfolio will permit OEMs to acquire complete solutions for speech suggestions systems from a single source

Delbrück, Germany, September 12, 2018 -paragon GmbH & Co. KGaA ISIN DE0005558696 creates a brand new company division for digital information methods: the business acquires 82 % of the shares in SemVox GmbH, Saarbrücken, for EUR 16.four million. The tech enterprise develops productive options for voice control, different human-laptop interaction and knowing suggestions systems in accordance with synthetic intelligence.

The sellers of the stake are the four founders of SemVox GmbH and 4 traders, together with the German Forschungszentrum für künstliche Intelligenz GmbH, Saarbrücken, and M. Ladendorf Beteiligung GmbH, Trier. The 4 founders will proceed to hold shares in the business for as a minimum three years and should assume management and govt functions. The transaction could be completed by the beginning of October 2018 on the latest.

SemVox GmbH was centered ten years ago as a spin-off of the German analysis center for synthetic Intelligence Saarbrücken and has a prominent consumer portfolio in the automobile business. In 2017, the business won the motor vehicle HMI particular Jury Award. SemVox employs more than 60 americans in Saarbrücken, who together have greater than a hundred and fifty person years of adventure within the field of digital tips.

4da1a46ec20cf93ee5c846a51e04f0ed.”in the new connected world of vehicles, every automobile is a digital gadget on wheels that communicates with the driver and the atmosphere,” explains Klaus Dieter Frers, CEO of paragon GmbH. “we are very completely happy that we have won the pearl of artificial intelligence in Germany for ourselves and that we’re accordingly realizing the introduced entry into the digital business. once again we’re demonstrating that we are able to locate shimmering solutions to the influential developments in the automotive business”.

4da1a46ec20cf93ee5c846a51e04f0ed,we’re very happy that new and pleasing opportunities are opening up for SemVox and its employees now as part of the paragon group. together we are able to drastically boost our impact within the cost chain of the new digital ecosystems constructing with high dynamics,” emphasizes Dr.-Ing. Norbert Pfleger, Chairman of the management Board of SemVox GmbH, who will proceed to be a good member of the management team.

SemVox sees itself as a number one B2B expertise service provider for proactive assistants in response to artificial intelligence and computing device discovering. today, SemVox technology is already part of a lot of automobile types. Over the subsequent 5 years, more than 13 million motors could be outfitted with SemVox solutions. The enterprise will continue to enable shoppers to improve their personal bright assistants the usage of the platform presented through SemVox. additionally, paragon and SemVox are pursuing the intention of drastically expanding the range of integrative solutions. besides products and systems from the areas of sensors, interior, body kinematics and electromobility, paragon will additionally supply purchasers with hardware and utility for the building of speech suggestions systems. paragon is for this reason increasingly establishing into a full-provider provider for OEMs. SemVox expects revenue within the mid single-digit million range in the 2018 fiscal yr. The enterprise is already operating profitably.

paragon has been dealing with the human-computer interface in automobiles for 25 years. only in the near past, the group bundled its abilities during this area by using merging the previous,Acoustics” and,Cockpit” company instruments to kind the.”indoors” division. this is primarily based in Bexbach near Saarbrücken and is to flow into a new constructing with SemVox in future: paragon semvox GmbH, Digital guidance division in Limbach-Kirkel via the conclusion of 2018 to be able to increase forward-looking product improvements and consequently shape the digital future of the car industry.

About paragon GmbH & Co. KGaAparagon GmbH & Co. KGaA ISIN DE0005558696, which is listed in the regulated market prime general of the Frankfurt stock change, develops, produces and distributes forward-searching solutions in the box of automotive electronics, body kinematics and e-mobility. As a market-leading direct corporation to the automotive business, the company’s portfolio contains the Electronics working phase’s resourceful air-quality administration, state-of-the-art monitor systems and connectivity solutions, and excessive-end acoustic methods. in the Mechanics operating section, paragon develops and produces active cellular aerodynamic systems. With Voltabox AG ISIN DE000A2E4LE9, a subsidiary it is also listed on the regulated market top commonplace of the Frankfurt inventory exchange, the community is additionally https://happybet188.co lively within the impulsively transforming into Electromobility working phase with its cutting-aspect lithium-ion battery methods developed in-residence.besides the company headquarters in Delbrück North Rhine-Westphalia, Germany, paragon GmbH & Co. KGaA and its subsidiaries operate websites in Suhl Thuringia, Germany, Nuremberg and Landsberg am Lech Bavaria, Germany, St. Georgen Baden-Württemberg, Germany, Bexbach Saarland, Germany and Aachen North Rhine-Westphalia, Germany in addition to in Kunshan China and Austin, Texas country.more information about paragon may also be discovered at .paragon.ag.

monetary Press & Investor members of the family paragon GmbH & Co. KGaADr. Kai HoltmannArtegastrasse 133129 Delbrück, Germany +forty nine 0 fifty two 50 – ninety seven sixty two-140Fax: +forty nine 0 52 50 – 97 62-63 investorparagon.ag

extra facets:doc: