Pinsent Masons advises Clarios on the acquisition of Paragon's energy business

05 Oct 2023 | 10:54 am |

Multinational law firm Pinsent Masons has advised the leading automotive battery manufacturer Clarios, a portfolio company of Brookfield Corporation, on the acquisition of the energy business of Paragon GmbH & Co. KGaA.

Paragon specialises in the manufacture of batteries and battery management systems for the automotive industry. The acquisition significantly expands Clarios' engineering team, which is involved in the development of new low-voltage architectures. 

Pinsent Masons has been assisting Clarios for a number of years, with the latest transaction marking Clarios' first strategic acquisition in Europe since its 2019 demerger from Johnson Controls and acquisition by Brookfield.

The team at Pinsent Masons was led by corporate partner Ronald Meißner supported by Mark Leonard and Holger Kessen (Finance) and Michael Reich (Competition).

Clarios is a leading global manufacturer of low-voltage batteries for the automotive industry with annual sales of around USD 9 billion. Based in Glendale, Wisconsin, Clarios is a portfolio company of Brookfield Business Partners, a subsidiary of the Canadian investment company Brookfield Corporation.

Paragon, founded in 1988, is a listed developer and producer of solutions in the field of automotive electronics, body kinematics and electromobility based in Delbrück, Germany. With around 880 employees, the company most recently generated sales of around 160 million euros.

Key Contacts

Latest press releases

Show me all press releases

Pinsent Masons advises joint venture on HumeLink East transmission line project in New South Wales

Multinational law firm Pinsent Masons has advised the joint venture contractor for the East package of the approximately A$1.4 billion HumeLink project, one of the largest energy infrastructure projects in New South Wales.

Pinsent Masons advises VIOTAS founders on Bord na Mona management buyout

Multinational law firm Pinsent Masons has advised VIOTAS founders Paddy Finn and Duncan O'Toole on the management buyout of Bord na Móna 50 share in the company

Pinsent Masons recruits team to launch restructuring and insolvency practice in Australia

Multinational law firm Pinsent Masons has added to it Australian financial services capabilities with the appointment of partner Hannah Griffiths to lead the firm’s restructuring and insolvency practice in Australia.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises GEV Wind Power on acquisition of the Rigcom Group

Multinational law firm Pinsent Masons has advised leading wind turbine repair and maintenance provider GEV Wind Power on the acquisition of the Australian based Rigcom Group.

Pinsent Masons advises Desay on the sale of its spare parts business to ATTB

Multinational law firm Pinsent Masons has advised Desay SV Automotive Europe GmbH, a fully owned subsidiary of Huizhou Desay SV Automotive Co, Ltd, on the sale of its spare parts business to ATTB Antennentechnik Bad Blankenburg GmbH.

Pinsent Masons hires Maureen Daly to lead intellectual property team in Dublin

Multinational law firm Pinsent Masons has hired intellectual property and technology partner Maureen Daly to lead its IP team in Dublin and expand its pan-European Technology, Science and Industry sector capabilities.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.