Clarios acquires automotive battery business

Clarios acquires automotive battery business

Clarios said Paragon’s expertise on projects with global OEM customers complements its current programs.

Clarios announced plans to purchase Paragon GmbH & Co., KGaA’s power business that produces batteries and battery management systems for the automotive industry. Clarios said Paragon’s engineering team’s expertise and leadership on projects with global OEM customers complements the team’s current low-voltage and li-ion programs.

“The low-voltage network is critical to the new-user experiences, data collection methods and power system transformation underway in vehicles,” Clarios CEO Mark Wallace said.

“Paragon’s team and capabilities strengthen our resources in Europe and globally as we develop a systems-based approach to low-voltage networks,” said Federico Morales Zimmermann, vice president and GM of global customers, products and engineering at Clarios. “I’m confident our new colleagues will help us accelerate the electrification and digitalization of new vehicles, create new user experiences, exploit and capture data and power new systems-based architectures.”

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