12-09-2018 | Financial news | Corporate & Ad-hoc news | Press releases

paragon acquires 82 percent of SemVox GmbH, a company specializing in voice control and intelligent assistance systems

Delbrück, Germany, September 12, 2018 – The general partner of paragon GmbH & Co. KGaA [ISIN DE0005558696], the paragon GmbH, resolved today to enter into a share purchase agreement for the acquisition of 82 percent of the shares in SemVox GmbH, Saarbrücken, as well as an option agreement for the acquisition of the remaining 18 percent of the shares. SemVox offers efficient and secure technologies and 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

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