Three-Year Contract with Tesla
March 12, 2014The Bossard Group is strengthening its collaboration with the American electric vehicle manufacturer, Tesla. Tesla awarded Bossard with a three-year contract with a total volume of around USD 140 million to provide production fasteners, engineering and logistical services. The importance of this co-operation has prompted Bossard to open a new distribution center near the Tesla factory in Fremont (California).
For more than four years, the two companies have collaborated in the design and development of the cutting edge Model S, including engineering, prototyping and ultimate delivery of production fasteners utilizing Bossard’s globally unique inventory management system, SmartBin®. Bossard Group has proven to be the preferred fastener supplier for Tesla while offering exceptional engineering and design services. This collaboration is reflected in sharply increasing sales volume for Bossard in support of the California based auto manufacturer: "Bossard considers it an honor that the existing successful collaboration is now solidified with a three-year contract with an estimated value of USD 140 million for this period" explains CEO, David Dean. Opening the new distribution center near the Tesla factoryin Fremont will allow Bossard to provide valuable and quick customer service coping with the increasing demands. Bossard has steadily expanded its market share in the past few years in the United States; in part due to the intensified collaboration with Tesla.