Tesla to acquire German battery assembly maker - source

ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc , was on the brink of liquidation due to a slump in orders, German media reported in September.ATS on Sept. 25 announced that certain assets and employees at one of its Germany-based units would be sold and transferred to a third party, without disclosing the name of the company.ATS and ATW on Friday did not immediately respond to a request for comment.