The Midea Group has made a $ 5bn bid for one of the world 's largest producers of industrial robot makers , Kuka GmbH . Kuka management has plans to grow in China. 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 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 . "