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