# Midea completes takeover bid for German robot maker KUKA

Midea Group announced it has secured approval for its bid to take over German robotics firm KUKA, offering 115 euros per share, and will complete the deal in early January. Midea will take 94.55 percent of KUKA.

- Type: Acquisition
- Announced: 2017-10-14
- Where: Germany
- Status: completed
- Products: industrial robots, automation technology
- 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)
- [Mecca International](https://endata.com/companies/17795.md) (acquirer)

## Sources

- [wautom.com](https://www.wautom.com/2017/10/chinas-midea-completes-takeover-bid-for-german-robot-maker-kuka/), 2017-10-14: "Midea attaches great importance to Kuka's advantages in products and services, said Fang Hongbo, chairman of Midea, adding that Midea will help Kuka in markets in China and other regions and expand investments."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2017/10/20/midea-embarks-on-journey-to-transform-itself-into-a-high-tech-industry-leader/14611/), 2017-10-20: "Midea says it has completed its acquisition of German company Kuka, one of the world's largest industrial robot manufacturers."

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