The story of paragon Group began in 1988, when Klaus Dieter Frers founded paragon electronic GmbH in the freight depot of the former railroad station at Delbrück near Paderborn in North Rhine-Westphalia. In its early years, paragon helped shape the boom in electronics contract manufacturing. The business grew so fast that the company already moved into newly built company premises in Delbrück in 1989.
Pivotal points in the company’s continuing history were its entry into the automotive electronics business and its listing on the stock exchange. Further highlights at paragon in more recent years include the establishment of the electro mobility business and the international expansion to the US and China.
1988: Founded as electronics manufacturer in Delbrück
1991: Electronic services plant in Zella-Mehlis
1993: Launch of sensors development and production
1995: paragon’s first air-quality sensors in cars
1998: Production of components for operating controls
1999: Initial patents for acoustic sensors
2000: IPO as paragon AG in Frankfurt am Main
2003: Takeover of air-quality sensor division from Bosch
2004: Launch of display instrument business
2005: Market entry for car media systems
2007: Artega® spin-off initiated as reference object
2009: Extensive group-wide restructuring
2010: Full focus on automotive industry
2011: Development of modular kits for electro mobility
2012: Opening of sales office in China
2013: Production of battery packs and spoiler systems
2014: Spin-off of electromobility business under its own brand to Group subsidiaries Voltabox Deutschland GmbH and Voltabox of Texas, Inc.
2014: Launch of battery pack production in the US
2015: Takeover of SphereDesign GmbH
2017: Voltabox' IPO
2018: paragon AG Converts to Partnership Limited by Shares (KGaA)