# Midea Group to privatize KUKA

Midea Group plans to fully acquire and privatize its subsidiary KUKA Aktiengesellschaft, a German robotics company listed on the Frankfurt Stock Exchange, through a wholly-owned subsidiary, delisting KUKA from the exchange.

- Type: Acquisition
- Announced: 2021-11-23
- Where: Germany
- Status: announced
- Products: robots, automation solutions
- 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

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/607810.html), 2021-11-23: "本次收购有利于KUKA 专注业务经营并提升公司在机器人与自动化相关业务领域的内部资源协同和共享"

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