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Tesla purchases Minnesota-based Perbix, supplier of automation equipment

By Business Insider

Nov 07, 2017

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Tesla CEO Elon Musk has a big idea, and the company's latest acquisition of a Minnesota-based automated-manufacturing company proves it.

As reported by Bloomberg's Dana Hull, Tesla bought its longtime supplier Perbix. The terms of the deal weren't disclosed.

The move follows Tesla's purchase of Grohmann Engineering, a German automation specialist, last November.

Read the full story at businessinsider.com.