Porsche is taking over the toolmaking division of Kuka Systems GmbH with locations in Schwarzenberg in the German state of Saxony and the Slovakian town Dubnica. Under the name of Porsche Werkzeugbau GmbH, the business unit with more than 600 employees will become a fully owned subsidiary of the Stuttgart-based sports car maker Dr. Ing. h.c. F. Porsche AG. Kuka Systems GmbH belongs to Kuka AG, Augsburg, a world-leading supplier of robot-based automation systems.
The takeover is still subject to approval under antitrust law.
The company has a tradition that dates back over 100 years and high levels of expertise in the fields of method planning, engineering design, toolmaking and systems solutions for forming and cutting tools in the automotive sector.
By taking over the toolmaking division, Porsche is making important moves for the sports car production of the future. From a strategic point of view, the integration is a major step for us. There is additionally a decades-long tradition of craftsmanship and technology linking our companies.—Matthias Müller, President of the Executive Board of Porsche AG