Clarios, the parent company of VARTA Automotive, will purchase Paragon GmbH & Co’s battery unit. Paragon produces and develops automotive electronics.

Clarios specialises in manufacturing and recycling low-voltage networks and batteries. On the acquisition, CEO Mark Wallace said: “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.”

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Federico Morales Zimmermann, vice president and GM, Global Customers, Products and Engineering, Clarios said: “I’m confident our new colleagues will help us accelerate the electrification and digitalisation of new vehicles.”

Clarios says it will share additional information its acquisition during the IAA Mobility Conference in Munich, Germany, in September.

Details of the transaction were not disclosed.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact