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Tesla to Acquire German Engineering Firm to Automate Production

Tuesday, November 8, 2016 8:42
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(Before It's News)

Tesla has entered into an agreement to acquire German manufacturing-technology provider Grohmann Engineering as the U.S. electric car company looks to step up its automated manufacturing abilities.

TESLALogoThe Prüm, Germany company — which will become Tesla Grohmann Automation — is part of Tesla’s goal to ramp up both production quality and speed. Led by founder and CEO Klaus Grohmann, the German engineering firm is known as a leader in highly automated methods of manufacturing.

“This transaction will bring Mr. Grohmann’s leadership, a world-class team and unique expertise in-house,” reads a Tesla blog post. “Moreover, it will serve as the initial base for Tesla Advanced Automation Germany headquarters, with other locations to follow.”

Tesla plans to add more than 1,000 advanced engineering and skilled technician jobs at the German facility during the course of the next two years.

The hiring will pave the way for a number of key components of Tesla’s automated manufacturing systems to be designed and produced in Prüm.

“Combined with our California and Michigan engineering facilities, as well as other locations to follow, we believe the result will yield exponential improvements in the speed and quality of production, while substantially reducing the capital expenditures required per vehicle,” Tesla said.  “To date, we have increased the production rate at our Fremont Factory by 400 percent in four years, and we expect this acquisition to accelerate that growth rate.”

Financial aspects of the deal were not disclosed, although Tesla did say the acquisition should be complete come early 2017 —  if regulators give their stamps of approval.

News of the pending acquisition comes just two weeks after Tesla announced all vehicles coming out of Tesla’s factory, including the Model 3, would have full self-driving capability.


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Jennifer Cowan is the Managing Editor for SiteProNews.

The post Tesla to Acquire German Engineering Firm to Automate Production appeared first on SiteProNews.

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