Tesla Buys Maker of Automation Equipment

Nov 7 (Reuters) - Electric car maker Tesla Inc said on Tuesday it agreed to buy privately held Perbix Machine Co Inc, which designs automated manufacturing equipment. Financial terms of the deal were not disclosed. Minnesota-based Perbix has been a Tesla supplier for nearly three years and an acquisition by the carmaker would allow it to bring more parts production in house. http://bit.ly/2hilfQb "With the acquisition of Perbix, Tesla further advances its efforts to turn the factory ...

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