Led by founder and CEO Klaus Grohmann, Grohmann Engineering is one of the world leaders in highly automated methods of manufacturing. This transaction will bring Grohmann’s leadership, a world-class team and unique expertise in-house. Moreover, it will serve as the initial base for Tesla Advanced Automation Germany headquarters, with other locations to follow. Tesla expects to add more than 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 Prüm. Tesla expects to deliver exponential improvements in the speed and quality of production, while substantially reducing the capital expenditures required per vehicle.
Tesla has increased the production rate at its Fremont Factory by 400% in four years; it expects the acquisition to accelerate that growth rate. The current 2018 output target is 500,000 vehicles.
The agreement is contingent upon clearance from regulators; Tesla hopes to have full approval and to close the acquisition in early 2017.