Electric carmaker Tesla Motors Inc (TSLA.O) has agreed to buy Germany’s Grohmann Engineering GmbH, which develops automated manufacturing systems for batteries and fuel cells, as the California-based company seeks to expand its production more than sixfold by 2018.
Unlisted Grohmann Engineering, based in Pruem, Germany, helped Tesla rivals Daimler (DAIGn.DE) and BMW (BMWG.DE) build production facilities for electric car batteries.