Clarios acquiring Paragon’s power business

Battery and low-voltage architecture specialist Clarios has announced its intention to purchase Paragon GmbH & Co. KGaA’s power business, which produces batteries and battery management systems for the automotive industry. The company has not disclosed details of the transaction but will share additional information on how this acquisition fits its long-term vision for low-voltage vehicle architecture during this week’s IAA Mobility Conference.

“The low-voltage network is critical to the new user experiences, data collection methods and power system transformation underway in vehicles,” says Mark Wallace, chief executive officer of Clarios. “Paragon’s team has the skills, culture and commitment to add new capabilities that will accelerate our partnership with key OE customers, especially around advanced Li-Ion programs.”

Clarion considers the expertise of Paragon’s engineering team and its leadership on projects with global OE customers to be complementary to the Clarios team’s current low-voltage and li-ion programs. The company believes the acquisition “significantly increases” the Clarios engineering team, which is dedicated to the development of new low-voltage architectures at the company.

“Paragon’s team and capabilities strengthen our resources in Europe and globally as we develop a systems-based approach to low voltage networks,” says Federico Morales Zimmermann, vice president and GM, Global Customers, Products and Engineering at Clarios. “I’m confident our new colleagues will help us accelerate the electrification and digitalisation of new vehicles, to create new user experiences, exploit and capture data, and to power new systems-based architectures.”

Clarios is the parent company of Varta Automotive, a leading transportation battery brand in Europe.