
Why Is Tesla Motors Inc (TSLA) Buying This German Engineering Company?
Tesla Motors Inc announced that it has agreed to acquire Grohmann Engineering, an engineering company headquartered in Prüm, Germany. The automated manufacturing company, led by founder and CEO Klaus Grohmann, is regarded as one of the world leaders in highly automated methods of manufacturing. According to Tesla, Grohmann Engineering will be renamed Tesla Grohmann Automation…