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Aretè Cocchi Technology (ACT Group) and Futuro All'Impresa S.r.l. agreed to acquire 100% of Reis GmbH & Co. KG Maschinenfabrik from KUKA Aktiengesellschaft. ACT Group holds 70% and FAI holds 30%.
Midea Group and KUKA AG announced the formation of three joint ventures in China to expand industrial robots, healthcare and warehouse automation businesses, with each holding a 50% stake.