Electric carmaker Tesla said Tuesday it has entered into an agreement to acquire Grohmann Engineering, an engineering company in Prüm, Germany, which will become Tesla Grohmann Automation.
Grohmann Engineering develops automated manufacturing systems for batteries and fuel cells, and will help the California-based company in its goal of expanding its production by more than sixfold come 2018.
Grohmann Engineering will serve as the initial base for Tesla Advanced Automation Germany headquarters, with other locations to follow, according to Tesla.
“We expect to add over 1,000 advanced engineering and skilled technician jobs in Germany over the next two years,” said Tesla.
“To date, we have increased the production rate at our Fremont Factory by 400% in four years, and we expect this acquisition to accelerate that growth rate. While the agreement is contingent upon clearance from regulators, including in Germany, we hope to have full approval and close the acquisition in early 2017,” the company added.
