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. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Report it to us.

Next In Tech News
Russian parliament approves tax break for issuers of digital assets Premium
G7 to tackle cyber threats and disinformation from Russia: communique Premium
Swiss top court upholds ban on foreign online betting operators Premium
Indonesia will use Covid tracking app to sell cheap cooking oil Premium
Siemens to invest in Volkswagen's N.American charging network Premium
Uber agrees to Australia minimum pay body after similar moves in Britain, Canada Premium
Instagram and Facebook remove posts offering abortion pills Premium
Russian industry faces code crisis as critical software pulled Premium
Russia fines United Parcel Service over data storage - TASS Premium
Russia fines foreign firms for alleged data storage violations Premium

Trending in Tech

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad (10894D)

Best viewed on Chrome browsers.