Tesla has acquired elements of bankrupted automation engineering agency Manz based mostly in Germany. It would on board about 300 of its staff.
Manz is a “German multinational engineering firm lively within the fields of automation, laser processesing, metrology, moist chemistry and roll-to-roll processing.”
The corporate has filed for chapter safety and introduced in the present day that it signed an settlement with Tesla Automation, a subsidiary of Tesla, to accumulate elements of its belongings.
Apparently, Tesla’s Automation group was first created out of the acquisition of one other German engineering agency, Grohmann.
Manz introduced that Tesla will on board about 300 of its staff and take over its operations at its Reutlingen web site:
Manz AG’s insolvency administrator and Tesla Automation GmbH, based mostly in Prüm, a subsidiary of the US electrical car producer Tesla, Inc., Austin (USA), have signed a purchase order settlement on 24 February 2025. Tesla Automation, which specializes within the development of special-purpose machines at its three German places, intends to function an extra location in Reutlingen sooner or later. For this objective, Tesla Automation will take over greater than 300 staff on the Reutlingen web site and purchase movable tangible belongings. Tesla Automation may also use the Manz firm property in Reutlingen. The completion of the transaction remains to be topic to the approval of the German Federal Cartel Workplace below merger management legislation. The insolvency property will obtain the proceeds of the sale. The events agreed to not disclose the acquisition value.
It seems like these operations had been just like Tesla’s ongoing operations at its automation group, who design and construct manufacturing gear for the automaker.
Lothar Thommes, Managing Director at Tesla Automation, commented on the announcement:
“We’re gaining certified staff with a excessive degree of experience in high-tech mechanical engineering. The Reutlingen web site is a perfect complement to the continued profitable implementation of our world automation tasks within the Tesla Group. We’re more than happy to be realizing future improvements there.”
Tesla shouldn’t be onboarding all staff from the precise Manz group. About 100 persons are anticipated to lose their jobs.
The 2 corporations didn’t disclose the phrases of the deal.
