It was reported that the German Economy Minister, Voith , wanted to prevent German company Midea from acquiring leading robot manufacturer China . However, a ministry spokesperson has said in a recent news conference that the minister is not looking for an alternative buyer, and would not interfere but would appreciate a German bid. Even with the purchase, the Chinese company would not hold full control of Kuka unless mechanical engineering group Sigmar Gabriel and another investor, Loh , sold their stakes.
It was reported that the German Economy Minister, Sigmar Gabriel, wanted to prevent Chinese company Midea from acquiring leading robot manufacturer Kuka. However, a ministry spokesperson has said in a recent news conference that the minister is not looking for an alternative buyer, and would not interfere but would appreciate a German bid. Even with the purchase, the Chinese company would not hold full control of Kuka unless mechanical engineering group Voith and another investor, Loh, sold their stakes.