BERLIN (Reuters) -- Porsche has bought the machine tool unit of industrial robot maker Kuka to enhance production of sports cars amid a growing use of lightweight materials.
Porsche and other automakers are increasingly using aluminum, carbon fiber and other lightweight substances to help comply with rigid carbon emission limits for their vehicles in Europe, China and other regions.
The transaction may cost Volkswagen-owned Porsche between 10 million euros ($11.34 million) and 25 million euros, a source familiar with the matter told Reuters. The two companies disclosed no details on the deal.
The acquisition will give Porsche new expertise in producing tools to cut and reshape aluminum and other materials, Porsche said. "Porsche is taking important steps for the future of sports-car production," CEO Matthias Mueller said in a statement.
A spokeswoman for Kuka said the deal could be ratified by Aug. 1, declining to elaborate.
The Kuka division has more than 600 workers at two plants in Germany and Slovakia.