29-10-2018 | Financial news | Press releases | Corporate & Ad-hoc news

paragon Acquires Speaker Manufacturer LPG and Expands Value Chain in Acoustics

Delbrück, Germany, October 29, 2018 – paragon GmbH & Co. KGaA [ISIN DE0005558696] is acquiring Lautsprecher-Produktions-Gesellschaft mbH (LPG), headquartered in Neu-Ulm. With this acquisition, paragon is expanding its technology base for acoustics solutions and thus also its value chain in its Interior division. LPG has been a close partner of various automobile manufacturers, such as BMW, Volkswagen, Opel and Rolls Royce, for many years. The purchase price is € 3 million. The closing of the acquisition is expected to take place on October 30, 2018.

  • Complete acquisition of LPG Lautsprecher-Produktions-Gesellschaft

  • Development of value chain in Interior division and expansion of technology base for acoustics solutions

  • Takeover enables completely independent production of speakers and digitally networked sound systems

  • External sound speakers from LPG address important safety aspect of e-mobility