Tesla has acquired some of the assets of German automation engineering firm Manz, which recently filed for bankruptcy protection.

Manz is “a multinational engineering company active in the fields of automation, laser processing, metrology, wet chemistry and roll-to-roll processing.”

Tesla subsidiary Tesla Automation, which was itself created by the acquisition of German engineering firm Grohmann in 2016, will retain about 300 of Manz’s employees, and will take over its operations at the Manz property in Reutlingen, Germany.

The companies have not disclosed the terms of the deal.

“We are gaining qualified employees with a high level of expertise in high-tech mechanical engineering,” said Lothar Thommes, Managing Director at Tesla Automation. “The Reutlingen site is an ideal complement to the continued successful implementation of our global automation projects in the Tesla Group.”

Sources: Electrek, Manz