# Paragon Partners agrees to acquire KME Specials business for €280M

Paragon Partners GmbH signed an agreement to acquire the Specials business of KME Group from Intek Group S.p.A. for €280 million, with Paragon owning 55% and KME 45% of a newly established company.

- Type: Acquisition
- Announced: 2021-06-15
- Where: Germany
- Value: $340.0M (280.0M EUR)
- Status: announced
- Products: specialty copper and alloy products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [KME Group](https://endata.com/companies/11552.md) (target)
- [Paragon Partners](https://endata.com/companies/18838.md) (acquirer)
- [Intek Group S.p.A.](https://endata.com/companies/37463.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/KME-GROUP-S-P-A-283651/news/Paragon-Partners-GmbH-signed-an-agreement-to-acquire-Specials-business-of-KME-group-from-Intek-Group-35633583/), 2021-06-14: "Paragon Partners GmbH signed an agreement to acquire Specials business of KME group from Intek Group S.p.A. for €280 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.