CARIAD SE entered into a purchase agreement to acquire paragon semvox GmbH from paragon GmbH & Co. KGaA for ?40 million on December 1, 2022. Currently, more than 140 employees work at the semvox sites in Limbach and Nuremberg.

All the jobs will be retained. The paragon development teams in India and China will also continue to support semvox. The closing of the transaction is subject to various conditions including antitrust approvals and is subjected to close in spring 2023.

Thomas Schubert, Florian Wiesner, Philipp Becker, Hilke Schmitt , Arne Karsten, Sascha Grosjean, Axel Schlieter, Michael Graf, Stefan Dittmer, and Laura Appell of Dentons has advised CARIAD in the deal.