# 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.

- Type: Acquisition
- Announced: 2017-08-23
- Where: Germany
- Value: $4.40B (3.70B EUR)
- Status: completed
- Products: industrial robots, consumer robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Midea](https://endata.com/companies/1678.md) (acquirer)
- [KUKA](https://endata.com/companies/3695.md) (target)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2017-08-23/midea-s-bold-plan-for-beer-pouring-robots-people-less-factories), 2017-08-23: "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"
- [industryweek.com](https://www.industryweek.com/leadership/companies-executives/article/22024038/mideas-plan-for-beer-pouring-robots-people-less-factories), 2017-08-24: "Midea's purchase of Kuka put it on the frontlines of the industrial robotics battle just as China embarks on an ambitious plan to automate its vast manufacturing sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.