The customer communications and business services specialist has agreed to acquire the Computershare Communications Services operation in Germany, currently part of the Computershare global group of companies.

Munich-based CCS Germany typically prints 250m pages a year and works with customers in financial services and other sectors.

Its production technology was described as “leading edge”, with the secure facility certified to ISO 27001 and 9001 and with “a strong data security and risk management culture”.

Paragon CEO Jeremy Walters commented: “This deal is well aligned to our strategy, and we look forward to exploring global and local opportunities in Munich for faster, more sustainable services for our clients.”

Paragon has operations in the UK, Ireland, Luxembourg, Belgium, the Netherlands, Germany, the Czech Republic, Poland and Sweden.

Its existing German sites are in Schwandorf, Korschenbroich, and Weingarten.

Thomas Simon, CEO of Paragon’s DACH & CEE region, said: “This aligns perfectly with Paragon’s commitment to achieving the highest standards of risk management, sustainability and information security.”

The terms of the deal were not disclosed.

It is subject to customary closing conditions, and is expected to complete in Q2.

The overall Paragon business has sales of €1.2bn (£1bn) and employs more than 7,500 people. It is owned by €1.6bn investment group Grenadier Holdings.