China’s Midea buys nearly half of German robotics firm Kuka


FRANKFURT: Chinese appliances giant Midea moved a step closer to fulfilling its ambition to acquire German industrial robotics firm Kuka with two weekend deals raising its stake to nearly a majority. 

Two of Kuka’s biggest German shareholders – technology company Voith and entrepreneur Friedhelm Loh – said they had decided to take up Midea’s offer of €115 (RM512) per share and sell their stakes. 

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Tech News

Schools should teach children about using AI, IT professionals say
Researchers sound alarm over metaverse's potential to cause harm
Generative AI helping hackers mount more sophisticated attacks
Review: ‘Persona 5 Tactica’ successfully adapts beloved series to strategy genre
Food digging: When restaurants use fake dating profiles to get customers through the door
This electronic ‘nose’ could help combat the risk of food poisoning
M’sian woman discovers over RM400mil mistakenly deposited in her bank account
YouTube is the UK’s favourite social media
Uber to become S&P 500 constituent -S&P Indexes
Lawyer of fugitive Wirecard executive called to testify in court

Others Also Read