Advised on sale of companyTechnology
has been acquired by
The shareholders of the voice control specialist SemVox have sold their majority stake to the listed automotive supplier paragon. paragon has acquired 82 percent of the shares for 16.4 million Euro and has entered into an option agreement for the remainder of the shares, which the founders will continue to hold for the coming years. With the acquisition of SemVox, paragon creates a new business division for digital assistance systems. Together, paragon and SemVox intend to significantly expand the range of integrated solutions.
SemVox develops efficient and secure technologies and solutions for voice control, diverse human-machine interaction as well as pro-active assistance systems based on artificial intelligence.
paragon develops, produces and distributes forward-looking solutions in the field of automotive electronics, body kinematics and e-mobility.
As a market-leading direct supplier to the automotive industry, the company's product portfolio within its electronics business segment includes innovative air-quality management, state-of-the-art display systems and connectivity solutions, and high-end acoustic systems.
Listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
IMAP M&A Consultants AG initiated the transaction on behalf of the shareholders of SemVox and handled it in all its phases.