As per the purchase agreement, Tesla Automation will be taking over more than 300 Manz employees and movable assets at the German supplier’s Reutlingen site.
Tesla Automation will also be using the Manz company property in Reutlingen, as noted in a press release.
The completion of the purchase is still subject to the approval of the German Federal Cartel Office under merger control law.
It should also be noted that neither Tesla Automation nor Manz has disclosed the price of the agreement.
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