Clarios, a provider of solutions for automotive batteries, has declared its intention to acquire Paragon GmbH & Co. KGaA’s power division, responsible for producing batteries and battery management systems for the automobile sector.
The acquisition aligns with Clarios’ strategic focus on low-voltage vehicle architecture and systems. This move is especially noteworthy as Clarios is the parent company of VARTA Automotive, a prominent transportation battery brand in Europe.
Mark Wallace, CEO of Clarios, emphasized the significance of the low-voltage network in shaping new user experiences, data collection methods, and the ongoing transformation of power systems within vehicles. Wallace praised Paragon’s team for their skills, culture, and dedication to enhancing capabilities that will expedite collaborations with key original equipment (OE) customers, particularly concerning advanced lithium-ion programs.
The integration of Paragon’s engineering expertise is expected to greatly benefit Clarios and supplement its existing engineering team, especially in the areas of low-voltage and lithium-ion programs.
Federico Morales Zimmermann, VP and GM of Global Customers, Products, and Engineering at Clarios, highlighted that Paragon’s team and capabilities will strengthen the company’s resources both in Europe and globally. This reinforcement is vital as Clarios aims to develop a comprehensive systems-based approach to low-voltage networks. These efforts are aimed at accelerating the electrification and digitalization of new vehicles, enabling innovative user experiences, efficient data utilization, and the establishment of advanced systems-based architectures.
Although specific details of the transaction remain undisclosed, Clarios is anticipated to provide further information about the acquisition and its alignment with their long-term vision at the upcoming IAA Mobility Conference in Munich, Germany.