Brief: Paragon Buys 82 Pct Of SemVox GmbH

paragon GmbH & Co KgaA

12/09/2018 16:43

Sept 12 (Reuters) - PARAGON GMBH & CO KGAA  PGNG.DE :
    * ACQUIRES 82 PERCENT OF SEMVOX GMBH, A COMPANY SPECIALIZING
IN
VOICE CONTROL AND INTELLIGENT ASSISTANCE SYSTEMS
    * PURCHASE PRICE FOR 82 PERCENT OF SHARES WILL AMOUNT TO EUR
16.4
MILLION
    * FOUR FOUNDERS OF SEMVOX TO HOLD SHARES IN CO FOR AT LEAST
3
YEARS AND  ASSUME MANAGEMENT AND EXECUTIVE FUNCTIONS
    * TRANSACTION IS EXPECTED TO BE COMPLETED BY BEGINNING OF
OCTOBER
2018 AT LATEST
    * ENTERS AS WELL INTO OPTION AGREEMENT FOR ACQUISITION OF
REMAINING 18 PERCENT OF SHARES

Source text for Eikon:  ID:nEQmB64Ga 
Further company coverage:  PGNG.DE 

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