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

[cirr]

Fri Jul 15, 2016 2:53am EDT

China's Midea shares hit record high after firm raises stake in Germany's Kuka

The logo of German industrial robot maker Kuka is pictured on a Kuka robot arm during the Hannover Fair in Hanover, Germany, April 25, 2016.

Reuters/Wolfgang Rattay

SHANGHAI Shares in China's Midea Group Co Ltd (000333.SZ) hit a record high on Friday afternoon after the home appliance maker said it was increasing its stake in German robotics maker Kuka (KU2G.DE), as part of a 4.5 billion euro ($5 billion) takeover.

At 0632 GMT, Midea shares were up 6.5 percent at 28.80 yuan.

Together with a 13.51 percent stake already owned by Midea, the Chinese firm said on Thursday it would hold a total of 70.29 percent of Kuka.

The takeover offer will expire at midnight on Friday.

http://www.reuters.com/article/us-china-companies-midea-group-idUSKCN0ZV0OI

 

[j20blackdragon]

China's Midea lifts stake in German robotics firm Kuka to 76.38 percent

http://www.reuters.com/article/us-kuka-midea-group-stake-idUSKCN0ZV0Z4

 

[Mangus Ortus Novem]

Here comes robot revolution with Chinese Characteristics!

 

[empirefighter]

There is a negotiation between Kuka and Midea, Midea for now just act as a finacial investor, after 7.5years,Midea can really act as a controller. But it is also good for both companies,Kuka will get best chance in Chinese market with the support of Midea,win-win cooperation.
Now, the Germany and China government seem to cooperate closer and closer, China need Germany technology ,Germany need China market. Both can benefit, the probable future losers in China market will be Japan and South Korea since they are the direct competitors.

 

[TaiShang]

China's first AGV robot parking lot to be ready in October
Xinhua, July 17, 2016

China's first parking lot to feature an automated guided vehicle (AVG) robot will open in east China's Nanjing by the end of October, said the robot maker on Sunday.

Shenzhen-based Yeefung Automation Technology Co. Ltd. said that the laser-guided AGV robot can transfer a car into a carport in about two minutes.

Drivers guide their cars on to the robot which is in shape of a movable platform, and it places the vehicle in an available port.

Wu Hao, Yeefung general manager, said the company developed the robot in response to limited parking in big cities across the world.

He said the robot will help new and experienced drives alike. AGV robots can maximize parking space in lots by around 20-40 percent.

Although adding such a robot would give an extra cost of 70,000 yuan (10,468 U.S. dollars) to each carport, it would help operators earn profits through improving efficiency, said said Wu.

China has about 172 million vehicles on its road. Based on an annual increase of 19 million units, there will be 250 million vehicles on China's road in 2020.

Pan Guofan, deputy director of the Guangzhou Parking Association, said smart parking technology will help improve efficiency rather than providing a solution to the lack of parking space in cities.

He said parking space should be a major consideration of urban planning, and local authorities should build more multi-story parking lots in urban areas.

 

[j20blackdragon]

Midea reaches 86 percent stake in Kuka in takeover offer

http://www.reuters.com/article/us-kuka-m-a-midea-group-idUSKCN1000OV

 

[TaiShang]

Midea reaches 86 percent stake in Kuka in takeover offer

http://www.reuters.com/article/us-kuka-m-a-midea-group-idUSKCN1000OV

View attachment 319284

Full control will be possible earlier than anticipated, then.

European M&A market seems to be less rigid and protectionist than the US market.

 

[empirefighter]

Full control will be possible earlier than anticipated, then.

European M&A market seems to be less rigid and protectionist than the US market.

So early to say success，this deal still need the devil USA admistration to permit.

 

[Beidou2020]

So early to say success，this deal still need the devil USA admistration to permit.

Yea, Needs approval from the American terror regime.

 

[j20blackdragon]

China's Midea grabs near-95% stake in German firm Kuka

https://www.yahoo.com/news/chinas-midea-grabs-near-95-stake-german-firm-103652368--finance.html

 

[Three_Kingdoms]

China's Midea grabs near-95% stake in German firm Kuka

https://www.yahoo.com/news/chinas-midea-grabs-near-95-stake-german-firm-103652368--finance.html

View attachment 324246

Geez thats pretty much saying the German government has approved the absolutely dominent take over isnt it?

Thanks for the update

 

[XenoEnsi-14]

it's an already done deal, wait some more years to get 90% -100% of KuKa

But are the Germans going to still be working at Kuka? Otherwise there will be a drop in quality.... @Chinese-Dragon .

Robot should have aritificial intelligence.

A self hating human. Robot's are forever our slaves.

 

[Three_Kingdoms]

But are the Germans going to still be working at Kuka? Otherwise there will be a drop in quality.... @Chinese-Dragon .

It seems you are still living in 1980s
I believe with this deal, China will take the company forward to the next level higher up

 

[Beast]

It seems you are still living in 1980s
I believe with this deal, China will take the company forward to the next level higher up

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

By the way, some video from Kuka

 

[XenoEnsi-14]

It seems you are still living in 1980s
I believe with this deal, China will take the company forward to the next level higher up

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.

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

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