paragon takes over Artega's assets

paragon AG  / Key word(s): Mergers & Acquisitions

26.09.2012 16:07

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Delbrück, September 26, 2012: On October 1, 2012, paragon AG takes over all
of the assets of the insolvent Artega Automobil GmbH & Co. KG. paragon will
not resume Artega's sports car production, Artega GT, which was shut down
by the insolvency administrator on September 30, 2012.

paragon intends to use its newly acquired resources in staff and space to
continue to develop its new Electromobility and Body-Kinematics divisions.

Accurately timed to coincide with its 25th anniversary in 2013, paragon
will enhance its headquarters in Delbrück as a result of the takeover. The
company will introduce its plans in detail during a press conference on
October 1, 2012.

Portrait

paragon AG has steadily grown to become one of the best-known suppliers to
the automotive industry since its founding in 1988 in the Westphalian town
of Delbrück. Listed on the stock exchange since 2000, paragon uses
innovative solutions that not only improve communication but also make the
driving experience healthier, more comfortable, and more efficient. Every
worker at paragon is passionate about automobiles. Every day they strive to
be inventive, better and unique in all they do. Their dedication goes far
beyond sensors and solutions for automotive interiors, however. 
Increasingly, paragon has been embracing more sophisticated systems such as
electric vehicles and kinematics.

Contact

paragon AG
Schwalbenweg 29
33129 Delbrück
Tel.: +49 (0) 52 50 - 97 62-0
Fax: +49 (0) 52 50 - 97 62-60
Internet: www.paragon.ag
Email: info@paragon.ag

Press officer
Matthias Hack
Tel.: +49 (0) 52 50 - 97 62-141
Mobile: +49 (0) 162 1010724
Fax: +49 (0) 52 50 - 97 62-60
Email:  matthias.hack@paragon.ag


26.09.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      paragon AG
              Schwalbenweg 29
              33129 Delbrück
              Germany
Phone:        +49 (0)5250 97 62 - 0
Fax:          +49 (0)5250 97 62 - 60
E-mail:       investor@paragon.ag
Internet:     www.paragon.ag
ISIN:         DE0005558696
WKN:          555869
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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