Tesla to acquire German engineering company

In a blog post, Tesla says it has entered into an agreement to acquire German engineering company Grohmann Engineering. Led by founder and CEO Klaus Grohmann, Grohmann Engineering is experienced in highly automated methods of manufacturing.
November 10, 2016 Read time: 1 min

In a blog post, 8534 Tesla says it has entered into an agreement to acquire German engineering company Grohmann Engineering.

Led by founder and CEO Klaus Grohmann, Grohmann Engineering is experienced in highly automated methods of manufacturing. The transaction will serve as the initial base for Tesla Advanced Automation Germany headquarters. Tesla expects to add over 1,000 advanced engineering and skilled technician jobs in Germany over the next two years.

Several critical elements of Tesla’s automated manufacturing systems will be designed and produced in Germany and, combined with its California and Michigan engineering facilities, as well as other locations to follow, Tesla believes this will yield exponential improvements in the speed and quality of production, while substantially reducing the capital expenditures required per vehicle.

To date, Tesla has increased production rate at its US factory by 400 per cent in four years, and expects this acquisition to accelerate that growth rate. While the agreement is contingent upon clearance from regulators, including in Germany, Tesla hopes to have full approval and close the acquisition in early 2017.

Location Based Systems

For more information on companies in this article

Related Content

  • Black taxis go green with government investment
    April 2, 2015
    A US$30 million fund will be made available to local authorities to support the rollout of ultra-low emission taxis across the UK. The money will be available to reduce the upfront cost of purpose built taxis and to install charging infrastructure for taxi and private hire use. A further US$37 million has been set aside specifically for the Greater London Area to help taxi drivers cover the cost of upgrading to a greener vehicle. All taxis will also qualify for the government’s plug-in car grant, whi
    Read More
  • Swedish drivers support speed cameras
    March 17, 2014
    In sharp contrast to many other countries drivers in Sweden support speed cameras and the planned expansion of the automated enforcement network. Sweden is embarking on a massive expansion of its speed camera network and is doing so with both a very high level of public acceptance and without its drivers feeling persecuted; a feat the administrations in many other countries would like to emulate. So how did this envious state of affairs come about? Magnus Ferlander director of business development and ma
    Read More
  • Rapid growth of bus rapid transit schemes on US Pacific coast
    January 27, 2012
    This section pulls together all the multi-modal topics in each issue. Subject matter will include smartcards; ticketing and payment systems; passenger information systems; fleet management for buses, trains and light rail; park and ride systems; on-line access to real-time information via Internet portals
    Read More
  • Average speed enforcement, a huge impact on reducing speed
    January 31, 2012
    A guaranteed way to get drivers to slow down and comply with work zone speed limits is to use average speed cameras. Deployed in the UK for over a decade now, they have had a huge impact, not least in achieving around 99 per cent compliance with speed limits. It's not difficult to understand: when someone knows that if they speed through a work zone it is absolutely guaranteed that they will be caught, fined and have points on their licence, only a total fool would. In the UK, SPECS average speed cameras we
    Read More

Highlighted Content