Midea makes bid for robotics maker Kuka official

DW.com:  Chinese appliance firm Midea has announced it has launched a cash offer for a stake of 30 percent in German industrial robotics supplier Kuka. The takeover bid has stoked controversy in Germany and Europe.

Midea said on Thursday it would offer 115 euros ($130) per share to Kuka owners under efforts to become the biggest single shareholder in one of the world's leading manufacturers of industrial robots.

The Chinese appliance maker, which is so far only known to be producing washing machines and air conditioners, also said its offer would end July 15, with no ceiling on the percentage of shares it was aiming to buy.  Kuka shares closed at just above 106 euros in trading at the Frankfurt Stock Exchange on Wednesday. The stock gained about 26 percent since the deal was first proposed in May.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Markforged:  Buyer's Guide to 3D Printing for Manufacturing

Markforged: Buyer's Guide to 3D Printing for Manufacturing

3D printing has become a powerful force in today's manufacturing industry from prototyping to tooling and fixtures to custom, end-use parts. Many businesses struggle to find the right solutions to fit their needs and provide ROI. Selecting the right platform to prevent manufacturing roadblocks is vital to optimizing your manufacturing line productivity. Download the all new buyer's guide to help you evaluate the benefits of 3D printing and dispel misconceptions, understand the pros/cons of various 3D printing processes and materials, and assess the key considerations in selecting a 3D printer.