Tesla buys German manufacturer of battery assembly lines

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Last updated on December 8th, 2022 at 02:28 pm

Tesla buys German manufacturer of battery assembly lines

German media reported the purchase by Tesla of the  German manufacturer of lines for the assembly of battery modules and blocks ATW Assembly & Test – Europe GmbH, which supplies products to major German automakers such as BMW and Daimler.

ATW-Tesla-acquition
ATW-Tesla-acquisition

Earlier in September, German media reported that ATW, a subsidiary of Canada’s ATS Automation Tooling Systems Inc, was on the verge of liquidation due to a sharp cut in orders. Then, on September 25, ATS announced that the assets of one of its German subsidiaries would be sold to a third party without disclosing the name of the buying company.

Further, this week, the European and Wirtschaftskurier revealed that ATW’s business partners received notice on Tuesday of its takeover by a California- based electric vehicle maker. Tesla’s name is not specified, although most likely it is she who is the buyer.

ATW’s office in Neuwied (Germany, pictured above) is just an hour’s drive from Tesla Grohmann Automation in Prum, Germany, where Tesla makes most of its battery manufacturing equipment.

According to the ATS website, ATW has approximately 120 employees. To date, it has supplied over 20 battery production lines to automotive companies.

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