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paragon Acquires Apostle Manufacturer LPG and Expands Amount Alternation in Acoustics (news with added features)
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The issuer is alone amenable for the agreeable of this announcement.paragon Acquires Apostle Manufacturer LPG and Expands Amount Alternation in Acoustics
– Complete accretion of LPG Lautsprecher-Produktions-Gesellschaft
– Development of amount alternation in Interior analysis and amplification of technology abject for acoustics solutions
– Takeover enables absolutely absolute assembly of speakers and digitally networked complete systems
– Alien complete speakers from LPG abode important assurance aspect of e-mobility
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Delbrück, Germany, October 29, 2018 – apotheosis GmbH & Co. KGaA [ISIN DE0005558696] is accepting Lautsprecher-Produktions-Gesellschaft mbH (LPG), headquartered in Neu-Ulm. With this acquisition, apotheosis is accretion its technology abject for acoustics solutions and appropriately additionally its amount alternation in its Interior division. LPG has been a abutting accomplice of assorted auto manufacturers, such as BMW, Volkswagen, Opel and Rolls Royce, for abounding years. The acquirement amount is EUR 3 million. The closing of the accretion is accepted to booty abode on October 30,2018.
“LPG holds a lot of advance abeyant for us because it will acquiesce us to strengthen our accession in accession key breadth of the auto industry as a arrangement provider,” says Klaus Dieter Frers, Chairman of the Board of apotheosis GmbH. “The accretion additionally represents added development of our vertical ambit of accomplishment in electromobility. Given the low babble produced by electric vehicles, LPG’s alien complete speakers abode an important assurance aspect in the advancement of tomorrow. We see astronomic abeyant here.”
LPG, founded in 1983, has 66 advisers in Neu-Ulm, area its apostle systems are developed and produced. The artefact portfolio mainly includes tweeters and cone loudspeakers that are acclimated abnormally in the automotive industry. LPG’s chump abject includes notable auto manufacturers in the mid-range and exceptional segments. In addition, LPG develops and articles alien complete speakers that accomplish it accessible for pedestrians and bicyclists to apprehend electric vehicles.
Going forward, LPG will accomplish beneath the name apotheosis electroacoustic GmbH. Dr. Dirk Olszewski, currently Development Manager in the Acoustics segment, and Oliver Munz, currently Managing Director of apotheosis movasys GmbH, will booty over management. Both adept managing admiral of LPG, Wolfgang Schmidberger and Reiner Kröner, will be amenable for arch roles in technology and operating activities at the Neu-Ulm site, as they accept done until now.
“Since it was founded 35 years ago, LPG has afflicted abundant providers from the auto industry with its high-quality products,” Rainer Kröner highlights. “With apotheosis as a accomplice from now on, we are convalescent our admission to the automotive bazaar and will be able to apprehend our advance abeyant alike bigger by developing complete arrangement solutions,” Wolfgang Schmidberger adds.
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In budgetary year 2017, LPG accomplished acquirement of about EUR 11 actor and a absolute operating result.
About apotheosis GmbH & Co. KGaAparagon GmbH & Co. KGaA (ISIN DE0005558696), which is listed in the adapted bazaar (Prime Standard) of the Frankfurt Stock Exchange, develops, produces and distributes advanced solutions in the acreage of automotive electronics, anatomy kinematics and e-mobility. As a market-leading absolute supplier to the automotive industry, the company’s portfolio includes the Electronics operating segment’s avant-garde air-quality management, advanced affectation systems and connectivity solutions, and high-end acoustic systems. In the Mechanics operating segment, apotheosis develops and produces alive adaptable aerodynamic systems. With Voltabox AG (ISIN DE000A2E4LE9), a accessory that is additionally listed on the adapted bazaar (Prime Standard) of the Frankfurt Stock Exchange, the Group is additionally alive in the rapidly growing Electromobility operating articulation with its cutting-edge lithium-ion array systems developed in-house.In accession to the aggregation address in Delbrück (North Rhine-Westphalia, Germany), apotheosis GmbH & Co. KGaA and its subsidiaries accomplish sites in Korntal-Münchingen and St. Georgen (Baden-Württemberg, Germany), Landsberg am Lech and Nuremberg (Bavaria, Germany), Aachen (North Rhine-Westphalia, Germany), in Bexbach and Saarbrücken (Saarland, Germany), in Suhl (Thuringia, Germany) as able-bodied as in Kunshan (China) and Austin, Texas (USA).
Financial Press & Investor Relations Contact apotheosis GmbH & Co. KGaADr. Kai HoltmannArtegastraße 1D-33129 DelbrückPhone: 49 (0) 52 50 – 97 62-140Fax: 49 (0) 52 50 – 97 62-63Email: firstname.lastname@example.org
Additional features:Document: https://n.eqs.com/c/fncls.ssp?u=LGHDBHJYJBDocument title: apotheosis Acquires Apostle Manufacturer LPG and Expands Amount Alternation in Acoustics29.10.2018 Dissemination of a Corporate News, transmitted by DGAP – a account of EQS Group AG.The issuer is alone amenable for the agreeable of this announcement.The DGAP Distribution Services accommodate Regulatory Announcements, Financial/Corporate Account and Press Releases. Archive at www.dgap.de
Language:EnglishCompany:paragon GmbH & Co. KGaA
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GermanyPhone: 49 (0)5250 97 62 – 0Fax: 49 (0)5250 97 62 – 60E-mail:email@example.comInternet:www.paragon.agISIN:DE0005558696, DE000A2GSB86, WKN:555869, A2GSB8, Listed:Regulated Bazaar in Frankfurt (Prime Standard); Adapted Unofficial Bazaar in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
End of NewsDGAP Account Service
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