paragon AG Acquires Largest Competitor in the Market for Body Kinematics
Delbrück, December 11, 2017 – Today, paragon AG [ISIN DE0005558696] announced the full acquisition of its competitor HS Genion GmbH, Landsberg am Lech, Germany. As a result, paragon has become the undisputed global market leader for adjustable body components. With the acquisition, paragon is achieving an important milestone for the paragon Body Kinematics unit, established in 2011, on the way to becoming the leading system provider for vehicle aerodynamics.
paragon AG is now the global market leader for adaptive vehicle aerodynamic systems
Enormous market growth expected from the CO2 reduction megatrend
The full acquisition of HS Genion GmbH
Merger with paragon’s Body Kinematics unit and planned continued operation under the new name paragon movasys GmbH
The purchase promotes expansion into a system provider for vehicle aerodynamics