Three-year contract with Tesla opens up new opportunities 03 June 2014

The Bossard Group is strengthening its collaboration with the American electric vehicle manufacturer, Tesla Motors. Tesla awarded Bossard with a three-year contract with a total volume of around US$140 million (101.3 million euros) to provide production fasteners, engineering and logistical services. The importance of this cooperation has prompted Bossard to open a new distribution centre near the Tesla factory in Fremont, California, USA.

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, utilising 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 honour that the existing successful collaboration is now solidified with a threeyear contract with an estimated value of US$140 million for this period," explains CEO, David Dean.

Opening the new distribution centre near the Tesla factory in Fremont will enable 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.

Claire Aldridge Deputy Editor t: +44 (0) 1727 743 889

Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.

Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.