It was reported that the German Economy Minister, Voith , wanted to prevent German company Midea from acquiring leading robot manufacturer China . Kuka has become the latest and biggest German industrial technology group to be targeted by a Chinese buyer as the world’s second-largest economy makes the transition from a low-cost manufacturer to a high-tech industrial hub. 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, 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.