Tesla Acquires German Automated Engineering Firm

 

Electric car maker Tesla said it will acquire Grohmann Engineering, a world-renowned engineering company in Prüm, Germany. The company will become Tesla Grohmann Automation. Terms of the deal weren’t released.

Led by founder and CEO Klaus Grohmann, Grohmann Engineering is one of the world leaders in highly automated methods of manufacturing. The deal will bring Grohmann’s leadership, a world-class team and unique expertise with Tesla as it searches for the top engineering talent in automated manufacturing systems.

The deal will serve as the initial base for Tesla Advanced Automation Germany headquarters, with other locations to follow. Tesla said it expects to add over 1,000 advanced engineering and skilled technician jobs in Germany over the next two years.

Under the leadership of Grohmann, several critical elements of Tesla’s automated manufacturing systems will be designed and produced in Prüm to help make our factories the most advanced in the world. 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 hopes to close the deal in early 2017.