The Midea Group has made a $ 5bn bid for one of the world 's largest producers of industrial robot makers , Kuka GmbH . The Midea Group state that the goal 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 German company . Where we can help them is mostly in China . Kuka management has plans to grow in China . With our meaningful footprint in China we can help them accelerate growth in terms of our customer base and supply chain . "
The Midea Group has made a $5bn bid for one of the world's largest producers of industrial robot makers, Kuka AG. The Midea Group 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 German company. Where we can help Kuka is mostly in China. Kuka management has plans to grow in China. Given our meaningful footprint in China we can help them accelerate growth in terms of our customer base and supply chain."