Porsche is taking over the toolmaking division of Kuka Systems with locations in Schwarzenberg in the German state of Saxony and the Slovakian town Dubnica.
Under the name of Porsche Werkzeugbau, the business unit with more than 600 employees will become a fully owned subsidiary of the sports car maker.
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The takeover is still subject to approval under antitrust law.
“By taking over the toolmaking division, Porsche is making important moves for the sports car production of the future,” said Matthias Müller, president of the executive board of Porsche. “From a strategic point of view, the integration is a major step for us. There is additionally a decades long tradition of craftsmanship and technology linking our companies.”
Oliver Blume, member of the executive board – production and logistics at Porsche, said: “Innovative tool concepts are enabling us to implement the emotional design typical of Porsche with the maximum possible quality. The employees of our new subsidiary are distinguished by their very high level of expertise across every step of the toolmaking process. We are especially able to profit from this expertise in complex aluminium parts relevant to lightweight design.”
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By GlobalData
