The Midea Group has made a $ about $1 billion bid for 84.41 of the world's largest producers of industrial robot makers, Kuka AG . Augsburg Kuka has three large shareholders including Friedhelm Loh, a German entrepreneur who owns 10 percent, and Voith Group which holds 25.1 percent. Kuka AG state that the bid is to get hold of Germany 's new cutting-edge industrial technology and make a transition from low-cost factory location to a more high-tech industrial hub. Vice Presidenct of Midea 's international business wrote, "We want to keep Kuka ’s separate identity as a Chinese company. Where we can help Kuka is mostly in China . Kuka management has plans to grow in China . Given our meaningful footprint in Germany we can help them accelerate growth in terms of our customer base and supply chain."
The Midea Group has made a $ about $1 billion bid for 84.41 of the world's largest producers of industrial robot makers, Kuka AG . Kuka AG state that the bid is to get hold of Germany 's new cutting-edge industrial technology and make a transition from low-cost factory location to a more high-tech industrial hub. Vice Presidenct of Midea 's international business wrote, "We want to keep Kuka ’s separate identity as a Chinese company. Where we can help Kuka is mostly in China . Kuka management has plans to grow in China . Given our meaningful footprint in Germany we can help them accelerate growth in terms of our customer base and supply chain."