Featured image: @gigafactory_4/Twitter
Today, German media reported that Tesla is teaming up with ATW (Assembly & Test Europe GmbH), a manufacturer of transmission and battery assembly lines. The Federal Cartel Authority granted the California company the green light to join the Neuwieder company.
The Federal Office, Tesla and ATW did not provide any details. However, Neuwieder city spokesman Erhard Jung greeted this openly because he was delighted that another internationally active company had settled in his municipality on the Rhine: “Tesla is taking the lead in electromobility.”
Neuwieder Mayor Jan Einig is also pleased with this fusion and pointed out that Tesla Grohmann Automation GmbH in Prüm is only 60 miles away, which could facilitate cooperation between the two locations. The Ministry of Economic Affairs of Rhineland-Palatinate in Mainz also made positive statements.
Initially, rumors of a fusion surfaced in early October. ATW's business partners had received notice that the company would be acquired by a California-based electric vehicle manufacturer. The notice, though, did not specifically indicate that it was Tesla.
Tesla Acquires Germany Battery & Powertrain Assembly Line Manufacturer ATWhttps://t.co/qG48t5bXVE— Tesmanian.com (@Tesmanian_com) October 2, 2020
The fusion will save about 210 employees from unemployment. ATW has previously worked with car manufacturers such as BMW, Daimler, and VW.
ATW manufactures transmission and battery assembly lines that fit well with Tesla's planned operations. The company has well-trained engineers and skilled workers with experience. This created a win-win situation for both sides.
At the time, the report of the ATW acquisition was neither confirmed nor refuted by its Canadian parent company, Automation Tooling Systems Inc. (ATS). Back on September 25th, ATS announced that they had entered into a "conditional agreement" to sell special shares in the company and hire employees from a subsidiary located in Germany. The financial terms of the deal were not disclosed.
© 2020, Eva Fox. All rights reserved.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.