All the money arrives: Midea officially completes the acquisition of the robot giant KUKA, holding nearly 95% of shares - Midea, KUKA, Robotics
Midea Group announced that the company completed the tender offer for the acquisition of shares in the KUKA Group and has fully paid for the completion of the tender offer. After the completion of the acquisition and settlement, the company through the overseas wholly-owned subsidiary MECCA held a total of 37.6507 million shares of KUKA Group, which accounted for approximately 94.55% of the KUKA Group's issued share capital. At this point, the invitation of Midea Group to acquire German robot giant KUKA has been fully implemented. All the money arrived: U.S. officially completed the acquisition of the robot giant KUKA, holding nearly 95% of the shares. In addition to the announcement of the United States to complete the acquisition of KUKA, the United States also announced the resignation of a company director. According to the announcement, the company recently received a written resignation report submitted by Mr. Wu Wenxin, the company’s director and vice president, who resigned from the company’s director and vice president for personal reasons. After Mr. Wu Wenxin resigned, he no longer held any other position in the company. U.S. official website, Wu Wenxin, Master, joined the United States in 1993, served as president of the United States home air conditioning division. In an interview in 2016, he said that the United States must fight value war and transform itself into a smart home service provider. 
In May of this year, Midea Group announced that it intends to acquire KUKA, a German industrial robot company, at a price of €115 per share. After experiencing the German government's verbal opposition, after the original KUKA first shareholder Voith Group objected, the KUKA Group finally reached an agreement with KUKA on June 28. The KUKA Group Board of Supervisors and the Executive Management Committee recommended that KUKA Group shareholders accept the tender offer. Midea Group eventually holds 94.55% of the shares of German Robotics. Since then, the acquisition has successively passed anti-monopoly reviews by China, Germany, Mexico, Russia, Brazil, and the European Union. On December 30, the US Foreign Investment Committee (CFIUS) and the Defense Trade Control Council (DDTC) also passed the review of this acquisition. For Midea, the key advantage of KUKA lies in its strong robotic manufacturing capabilities and rich experience in downstream applications. Through this acquisition, the United States hopes to deploy the midstream assembly process in the robotics field and accumulate downstream application experience for its promotion in China. bedding. At the same time, white goods companies are labor-intensive companies, and replacing robots with robots has gradually become one of the trends in the manufacturing sector. For Kuka, the Chinese market has always been a short board for KUKA, and it is also a strength of the United States. In addition to the overall market space of the Chinese robot market, only the US’s own robot demand is a huge cake for Kuka. According to the established strategic plan of the United States, KUKA is likely to exceed its set goal of 4 billion to 4.5 billion euros in revenue by 2020, of which 1 billion euros is expected to come from the Chinese market. Observers in the industry believe that once U.S. purchase of KUKA goes into effect, KUKA’s revenue in China is expected to show a “geometric growthâ€. With a century-old history, KUKA is headquartered in Augsburg, a city in southern Germany, and is one of the world's leading manufacturers of industrial robots. KUKA is also a world-leading supplier of robots, automation equipment and solutions, focusing on industrial robot manufacturing and automation control systems. After the acquisition of Switzerland Swisslog in 2015, it furthered the integration of automation systems. Currently, 50% of KUKA's robotics and control systems are used in the automotive industry.
In May of this year, Midea Group announced that it intends to acquire KUKA, a German industrial robot company, at a price of €115 per share. After experiencing the German government's verbal opposition, after the original KUKA first shareholder Voith Group objected, the KUKA Group finally reached an agreement with KUKA on June 28. The KUKA Group Board of Supervisors and the Executive Management Committee recommended that KUKA Group shareholders accept the tender offer. Midea Group eventually holds 94.55% of the shares of German Robotics. Since then, the acquisition has successively passed anti-monopoly reviews by China, Germany, Mexico, Russia, Brazil, and the European Union. On December 30, the US Foreign Investment Committee (CFIUS) and the Defense Trade Control Council (DDTC) also passed the review of this acquisition. For Midea, the key advantage of KUKA lies in its strong robotic manufacturing capabilities and rich experience in downstream applications. Through this acquisition, the United States hopes to deploy the midstream assembly process in the robotics field and accumulate downstream application experience for its promotion in China. bedding. At the same time, white goods companies are labor-intensive companies, and replacing robots with robots has gradually become one of the trends in the manufacturing sector. For Kuka, the Chinese market has always been a short board for KUKA, and it is also a strength of the United States. In addition to the overall market space of the Chinese robot market, only the US’s own robot demand is a huge cake for Kuka. According to the established strategic plan of the United States, KUKA is likely to exceed its set goal of 4 billion to 4.5 billion euros in revenue by 2020, of which 1 billion euros is expected to come from the Chinese market. Observers in the industry believe that once U.S. purchase of KUKA goes into effect, KUKA’s revenue in China is expected to show a “geometric growthâ€. With a century-old history, KUKA is headquartered in Augsburg, a city in southern Germany, and is one of the world's leading manufacturers of industrial robots. KUKA is also a world-leading supplier of robots, automation equipment and solutions, focusing on industrial robot manufacturing and automation control systems. After the acquisition of Switzerland Swisslog in 2015, it furthered the integration of automation systems. Currently, 50% of KUKA's robotics and control systems are used in the automotive industry.
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