# EU approves Midea's acquisition of German robotics company KUKA

The European Commission approved Midea Group's acquisition of KUKA, a German industrial robot manufacturer. Midea ultimately held a 94.55% stake in KUKA after the acquisition.

- Type: Acquisition
- Announced: 2024-01-15
- Where: Augsburg, Germany, Germany
- Status: completed
- Products: industrial robots, automation equipment, automation control systems
- 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

- [haythink.com](https://www.haythink.com/eu-approves-chinese-appliance-giant-midea-acquisition-of-german-kuka/), 2024-01-15: "The official website of the European Commission shows that on October 13, local time, the European Commission has approved China Midea Group Co., Ltd.'s acquisition of German KUKA Co., Ltd. in accordance with EU merger regulations."

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