Tesla acquired PERBIX Machine Company, Inc., a transaction announced in November 2017, structured as Acquisition of PERBIX; the company became part of Tesla. Deal terms were not disclosed..
PERBIX Machine Company, Inc. operates in Manufacturing automation / factory equipment, is based in United States (Minnesota). Tesla acquired PERBIX Machine Company, a Minnesota-based firm founded in 1976 that designs, builds and services highly automated, high-volume manufacturing machinery. PERBIX had already supplied Tesla with custom manufacturing equipment for nearly three years before the deal. Bringing the company in-house extended Tesla's effort to treat the factory itself as a product.
Deepen Tesla's in-house manufacturing capability and advance its goal of 'building the machine that makes the machine' by owning the automated, high-volume production-equipment design and build process rather than sourcing it externally.
Advisory firms were not disclosed for this transaction.