Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the pending sale of Grohmann Engineering GmbH (Grohmann Engineering) to Tesla Motors (Tesla; NASDAQ:TSLA). Grohmann Engineering is a developer and manufacturer of highly customized, high yield, multi-process modular assembly solutions for future oriented end-markets. Harris Williams & Co. served as the exclusive financial advisor to Klaus Grohmann, founder and majority stakeholder of Grohmann Engineering, and Deutsche Beteiligungs AG (DBAG; XETRA:DBAN), a leading German listed private equity company and minority stakeholder of Grohmann Engineering. Post transaction, Grohmann Engineering will become Tesla Grohmann Automation and serve as the initial base for Tesla Advanced Automation Germany headquarters, with other locations to follow. The pending transaction is expected to close by year-end and was led by Jeffery Perkins, Lars Friemann and Florian Ripperger of Harris Williams & Co.’s Frankfurt office.