Porsche takes over Kuka’s tool making division
August 20, 2015 4:38 pm
Porsche has taken over the tool making division of Kuka Systems GmbH with locations in Schwarzenberg in the German state of Saxony and the Slovakian town Dubnica. Under the name of Porsche Werkzeugbau GmbH, the business unit with more than 600 employees will become a fully owned subsidiary of the Stuttgart-based sports car maker Dr. Ing. h.c. F. Porsche AG. Kuka Systems GmbH belongs to Kuka AG, Augsburg, world-leading supplier of robot-based automation systems. The takeover is still subject to approval under antitrust law.
“By taking over the tool making division, Porsche is making important moves for the sports car production of the future,” says Matthias Müller, President of the Executive Board of Porsche AG. “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.”
Dr Oliver Blume, Member of the Executive Board – Production and Logistics at Porsche AG, explained the importance of tool making: “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 tool making process. We are especially able to profit from this expertise in complex aluminium parts relevant to light weight design,” said Oliver Blume.