Midea completes €3.7B acquisition of Kuka AG

Midea Group completed its €3.7 billion ($4.4 billion) acquisition of German robot maker Kuka AG, aiming to expand into consumer and industrial robotics. Midea plans to add a Kuka factory in China.

“The world’s biggest consumer appliance maker sees its 3.7 billion-euro ($4.4 billion) purchase of German robot maker Kuka AG as the linchpin to its expansion plans”bloomberg.com

• 2 sources
• bloomberg.comMidea's Plan for Beer-Pouring Robots, People-Less Factories - BloombergBloomberg NewsAug 23, 2017
• industryweek.comMidea's Plan for Beer-Pouring Robots, People-Less Factories | IndustryWeekBloombergAug 24, 2017

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