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