paragon concludes extensive agreement with AGS India
Delbrück, September 18, 2024 - The German paragon GmbH & Co. KGaA [ISIN DE0005558696]
has agreed with the Indian automotive supplier AGS Visions Pvt Ltd. to significantly expand
the cooperation between paragon and AGS, which has been in place since April 2024. The
original plan was to distribute paragon's world-leading air quality sensors to Indian customers
via its partner AGS. Now, almost the entire European product portfolio of paragon is to be
offered to the Indian market with the support of AGS. Products that paragon Kunshan has
already adapted to the market conditions in China and produces there will also be added. In
return, paragon will offer AGS automotive electronics and lighting products to the European
and Chinese markets. AGS will later develop and industrialize its own products based on
paragon technologies, which may find their way back to Europe and China.
• Next step in internationalization strategy completed
• Indian automotive supplier AGS Visions Pvt Ltd. and paragon GmbH & Co. KGaA link their product portfolios
• Strong growth expected in the Indian automotive market
• Expansion of cooperation to Europe, China and South Africa
