# Clarios to acquire Paragon's battery business

Clarios, a leader in low-voltage batteries, will purchase Paragon GmbH & Co. KGaA's power business that produces batteries and battery management systems for the automobile industry.

- Type: Acquisition
- Announced: 2023-08-30
- Where: Germany
- Status: announced
- Products: batteries, battery management systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Clarios](https://endata.com/companies/72335.md) (acquirer)
- [Paragon GmbH & Co. KGaA](https://endata.com/companies/72336.md) (target)
- [Paragon GmbH & Co](https://endata.com/companies/72375.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/clarios-to-acquire-paragons-battery-unit-301913033.html), 2023-08-30: "Clarios, the global leader in manufacturing and recycling advanced, low-voltage networks and batteries, will purchase Paragon GmbH & Co. KGaA's power business."
- [just-auto.com](https://www.just-auto.com/news/clarios-to-acquire-paragons-battery-unit/), 2023-08-31: "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."

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