Tag: M&A

Tesla's acquisition of Grohmann

When Tesla’s acquisition of Grohmann Engineering was announced back in November 2016, the automotive industry took note, but with little fanfare. By acquiring Grohmann, a German firm that specializes in automated manufacturing, Tesla gains the manufacturing expertise it needs as it races to expand vehicle production from less than 100,000 units built last year to a 500,000-unit production pace by 2018, and furthers Tesla CEO Elon Musk’s vision of advanced vehicle production of a “machine that builds the machine.” The acquisition made sense for Grohmann as well; Tesla and Grohmann had successfully......

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