Chinese firm Midea gets over 50% of Germany’s Kuka

[AndrewJin]

Have to save Germany from the plummeting fall of Europe. EU fails big time, right time for China to buy. First need local workers, 10 years later, ditch them all.

 

[TaiShang]

Midea to hold about 95% stake in Kuka
Xinhua, August 8, 2016

China's home appliance manufacturer Midea said Monday that it was taking a 95 percent holding in German robotics maker Kuka.

Midea will take 37,605,732 shares, 94.55 percent of Kuka after the bid is settled. Kuka shareholders who have not yet tendered their shares will be unable sell their stake to Midea now as the bid has expired, according to a statement from Midea.

Midea announced the bid on June 16, offering to pay 115 euros (US$127) per share. It held a 13.5 percent stake in Kuka before the bid.

To alleviate concerns over the takeover, Midea has pledged to maintain Kuka's independence, and has no plans to seek a domination agreement or delist the company. It will not change the headquarters nor reduce the workforce.

One of the world's top robot makers, Kuka, founded in 1898 and based in Augsburg, has a workforce of 12,000. Its 2015 revenue was nearly 3 billion euros.

 

[Beast]

I'm really beginning to think there's a bunch of AI Chinese on PDF, none of them are capable of spotting a troll when it's right under their nose.

So boring.




See what I mean, can't even have independent thoughts either.

There is different between Freedom of speech and lies/slandering. And I think you american are mixing it up!

 

[Bussard Ramjet]

American are starting losing all competition with Chinese(supercomputer, satellite). So the usual comment from them

By the way, some video from Kuka

How is America losing to China on the satellite front?

 

[Beast]

How is America losing to China on the satellite front?

https://defence.pk/threads/live-vid...1-real-time-moving-objects-monitoring.429005/

http://www.popsci.com/gaofen-4-worl...ontinues-chinas-great-leap-forward-into-space

http://www.nature.com/news/chinese-satellite-is-one-giant-step-for-the-quantum-internet-1.20329

Can US satellite monitor real time object or keep track of moving object continuously? No.

Only China can, maybe US can copy China one?

 

[Shotgunner51]

Have to save Germany from the plummeting fall of Europe. EU fails big time, right time for China to buy. First need local workers, 10 years later, ditch them all.

China is rapidly automating, "Smart Manufacturing" is the trend, number of industrial robots deployed is expected to surpass Japan this year, exceeding 300,000 units (mainland alone, excluding Taiwan's 50,500 units, mostly used in chipset FAB) and become world's largest. Demand is so strong that it's necessary to (1) develop homegrown robotics firm, and (2) acquire matured overseas assets. Why Kuka? Currently the four global leaders industrial robotics are FANUC, Yaskawa, Kuka AG and ABB, others include Yamaha, Denso Wave, Mitsubishi. The acquisition if Kuka AG is a very visionary move.

Germany is the industrial powerhouse of Europe, there are many matured "Industry 4.0" assets that will benefit China's "Made in China 2015" vision. We have seen major M&A like ChemChina acquiring Munich-based KraussMaffei machine tools, ShangGong Group acquiring H.Stoll, Shanghai Electric Group acquiring Manz, SANY acquring Putzmeister, and other deals.

Sino-Germany industrial alliance in the making!

 

[Bussard Ramjet]

Can US satellite monitor real time object or keep track of moving object continuously? No.

Yes it can. Why would you assume otherwise?

US is ahead of China in Earth Observation Satellites.

https://defence.pk/threads/live-vid...1-real-time-moving-objects-monitoring.429005/

http://www.popsci.com/gaofen-4-worl...ontinues-chinas-great-leap-forward-into-space

http://www.nature.com/news/chinese-satellite-is-one-giant-step-for-the-quantum-internet-1.20329

Can US satellite monitor real time object or keep track of moving object continuously? No.

Only China can, maybe US can copy China one?

Also, right now China doesn't have the ability to monitor real time objects at will.

 

[Beast]

Yes it can. Why would you assume otherwise?

US is ahead of China in Earth Observation Satellites.




Also, right now China doesn't have the ability to monitor real time objects at will.

You are talking rot and you are bitter. You need to back your words with fact about American capabilities. Show me?

I have show you links and even video of China. You can continue live in your denial. Pathetic Indian that even need to resort to outright denial even I post links and video. Do you know how low you have come too?

 

[Bussard Ramjet]

You are talking rot and you are bitter. You need to back your words with fact. Show me?

I am busy right now. I will post a big reply tomorrow with all facts and citations.

 

[Beast]

I am busy right now. I will post a big reply tomorrow with all facts and citations.

Coward. You have no subtance. I can bet you are scheming right now how to write a big lies to prove US non existent capabilities and using whatever underhand method to smear China. That is why you need so much time.

That is a typical loser attitude.

 

[ahojunk]

It's a win-win for Kuka and Midea...., that's what this one says...
If China and Germany get together, the rest of the world better watch out!

--------
Commentary: No need to regard Chinese investment with suspicion
Source: Xinhua 2016-08-08 22:27:57
by Xinhua Writer Chen Shilei

BEIJING, Aug. 8 (Xinhua) -- Chinese home appliance maker Midea Group's bid for German robot maker Kuka AG has clearly demonstrated the spirit of win-win cooperation while dispelling "suspicions" surrounding Chinese investments.

Despite initial objections from some German policymakers and industry bigwigs, Midea finally secured 94.55 percent of Kuka's share, according to an announcement made by Midea on Monday. The deal, pending regulatory approval, demonstrated the Chinese company's sincerity and firm belief in win-win results.

The merger is a win-win because it is expected to help Midea develop automation to improve production efficiency and quality while assisting Kuka in gaining access to the vast Chinese market.

It serves as a vivid example of the alignment between China's "Made in China 2025" blueprint and Germany's "Industry 4.0."

However, Midea's bid has initially been met with opposition and suspicion.

Although Berlin has reiterated that it will not intervene in the commercial deal, local media reported that some European Union (EU) and German officials opposed it out of concern that Midea could "steal" German technology and deal a blow to Germany's industrial digitization drive.

Minority shareholders in Kuka also reportedly voiced concerns that Midea's "control" over Kuka could let the latter lose its independence in corporate management.

The concerns over intellectual property are not justified because intellectual property is not something one can just take and export, but rather something that essentially requires the assistance and cooperation of the people involved.

Midea has demonstrated great sincerity and made the utmost efforts in acquiring Kuka. It has pledged that Kuka will operate independently and keep all the jobs for its employees to 2023, which is in the best interest of the German company.

In many other similar cases, Chinese investors have allowed great independence for the management of acquired German companies.

Take the Putzmeister-Sany case, for instance. In 2012, Sany Heavy Industry, China's largest construction equipment group, acquired Putzmeister, a German concrete pump maker, at a price of about 4 billion U.S. dollars. Workers at Putzmeister protested outside the factory over concerns that they would lose their jobs.

But four years later, Putzmeister's headcount has been stable, and the stability is expected to continue until 2020. Meanwhile, sales of the company increased by nearly one third, and the established image of Putzmeister and its good relations it has with business partners have remained unchanged.

In contrast to those who work for German companies purchased by investors from other countries, many workers at Putzmeister are now grateful to have been able to keep their jobs.

Therefore, the internationalization of Chinese enterprises along with the growing Chinese economy should not be politicized, and there is no need to regard Chinese investment with suspicion.

An increasing number of Chinese companies have been successful in overseas mergers and acquisitions, because they focus not only on short-term financial benefits, but also on long-term strategic goals and gaining a strong foothold in the international market.

As long as policymakers and industry bigwigs are supportive and open-minded, overseas mergers and acquisitions, conducted legally and in line with market principles and international practices, can yield win-win outcomes and contribute to social and economic development.