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From Electrek: Tesla breaks down its $135 million acquisition of Grohmann Engineering in...

Discussion in 'News from Electrek.co' started by RSSFeed, May 10, 2017.

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    Tesla breaks down its $135 million acquisition of Grohmann Engineering in new filing

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    In a SEC filing in March, Tesla confirmed that it closed the acquisition of Grohmann Engineering for “approximately $150 million”, but the company didn’t explain how they came up with the number for the relatively small engineering firm in Germany.

    In a new filing today, the company broke down the acquisition in details to explain the value of the company, which has now become ‘Tesla Advanced Automation Group’. more…

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