Reporting by Michael Nienaber; Editing by Noah Barkin and Alexander Smith It was reported that the German Economy Minister, Sigmar Gabriel, wanted to prevent Chinese company Midea from acquiring leading robot manufacturer Kuka. The deal would have given Kuka’s technology and manufacturing 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.
It was reported that the German Economy Minister, Sigmar Gabriel, wanted to prevent Chinese company Midea from acquiring leading robot manufacturer Kuka. The deal would have given Kuka’s technology and manufacturing 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.