Norton Rose Fulbright advised Delbrück-based automotive supplier paragon AG on the 100% acquisition of SphereDesign GmbH. The sellers are the founders and managing directors, most of whom will take on new roles within paragon AG.

Listed in the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, paragon AG develops, produces, and sells advanced automotive electronics solutions. The portfolio of this direct supplier to the automotive industry includes products in the following business segments: Sensors, Acoustics, Cockpit, Electromobility, and Body Kinematics. Headquartered in Delbrück (North Rhine-Westphalia), paragon AG has branches in Suhl (Thuringia), Nuremberg (Bavaria), and St. Georgen (Baden-Württemberg) as well as a sales office in Shanghai (China) and a subsidiary in Austin (Texas, United States).

SphereDesign is a renowned development service provider and systems supplier for the automotive industry. With their know-how in control and display elements in Germany SphereDesign is a perfect complement to paragon AG. With this transaction, paragon AG, sustainably strengthens their Cockpit segment.

The Norton Rose Fulbright team was led by of counsel Christoph Naumann and partner Frank Regelin (both corporate/M&A), and further comprised Anja Lingscheid (of counsel, employment and labour), Christoph Ritzer (of counsel, IT/IP) as well as associate Madeleine Arens (corporate/real estate, all Frankfurt).