Midea
China's Midea Poise to Acquire 95% Stake of German Robot Maker Kuka
| Charissa Echavez | | Aug 09, 2016 09:29 AM EDT |
Chinese appliance maker Midea announced on Monday that it is acquiring roughly 95 percent of German robot maker Kuka amid the European government's fear of totally losing control over the company.
China Plans to be Part of Top 10 Robotics Nations by 2020
| Ellie Froilan | | Jul 28, 2016 02:04 PM EDT |
China is aiming to be one of the world's top 10 most automated nations by 2020 by expanding its domestic robotics market.
Germany's Voith Agrees to Sell its Kuka Stake to China's Midea for $1.3B
| Charissa Echavez | | Jul 04, 2016 07:51 AM EDT |
Germany's Voith GmbH has agreed to sell 25.1 percent of its Kuka AG stake to China's Midea group for $1.3 billion, the mechanical engineering group said in a statement on Sunday.
Chinese Company Midea Makes $5 Billion Offer for German Robotics Firm Kuka
| Rina S. | | May 19, 2016 11:30 AM EDT |
China's leading home appliance manufacturing company Midea has disclosed its bid for German robot-making firm Kuka. The Chinese company has offered a proposal of $130 per share for a controlling stake in the robotics company. The bid values the German company at more than $5 billion.
China Shifts To Robotics, Displaces Thousands of Human Workers
| Adrian Darylle Torralba | | Jul 07, 2015 08:39 AM EDT |
China has been known as the capital of human workforce because of its massive supply of manpower that works with manufacturing companies at a very cheap rate. The past years have been a witness to this kind of workforce and its dwindling demand because of China's desire to shift into robotics have significantly shown.
Xiaomi to Invest US$200 Million in Home Appliance Firm, Midea
| Sami Ghanmi | | Dec 15, 2014 08:05 AM EST |
Both companies intend to work together to develop new smart home products.
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