12-09-2018 | Financial news | Press releases | Corporate & Ad-hoc news

paragon acquires 82 percent of SemVox GmbH and launches business division for digital assistance systems

Delbrück, Germany, September 12, 2018 – paragon GmbH & Co. KGaA [ISIN DE0005558696] creates a new business division for digital assistance systems: the company acquires 82 percent of the shares in SemVox GmbH, Saarbrücken, for € 16.4 million. The tech company develops efficient solutions for voice control, diverse human-machine interaction and intelligent assistance systems based on artificial intelligence.

  • paragon concludes purchase agreement for acquisition of 82 percent of SemVox GmbH stake - option for further 18 percent secured

  • With the new Digital Assistance division, paragon is implementing its announced entry into the digital business

  • SemVox is a leading B2B technology supplier for proactive assistants based on Artificial Intelligence and Machine Learning

  • Numerous vehicle types already equipped with SemVox technology

  • Expansion of the paragon product portfolio will enable OEMs to obtain complete solutions for speech assistance systems from a single source