www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Midea bids for control of German robot-maker Kuka with $5.16b

By Qiu Quanlin (China Daily) Updated: 2016-06-17 08:16

Midea bids for control of German robot-maker Kuka with $5.16b

A technician programs a robot arm at the German industrial robot maker Kuka AG's stand during Hanover Fair in Germany in April. [Photo/Agencies]

Midea Group, China's biggest maker of home appliances based in Foshan, Guangdong province, launched on Thursday a voluntary public tender offer for all shares above its current 13.5 percent stake in Kuka AG, a global technology leader in robotics and automation.

The offer of 4.6 billion euros ($5.16 billion) confirmed Midea's previously stated intention to increase its stake in Kuka to become the biggest shareholder of the German company, ahead of Voith GmbH, a maker of industrial equipment. The offer is contingent on an acceptance rate of at least 30 percent of the outstanding shares.

"We want to support Kuka's growth and plan to jointly realize the vast growth potential in China, with an aim of increasing our current shareholding to expand the partnership," said Paul Fang, chairman and chief executive officer of Midea.

According to Midea, the German Federal Financial Supervisory Authority approved the publication of the offer document on Wednesday and the shareholders' general meeting of the Chinese company already approved the transaction plan on June 6. The publication of the offer document marked the beginning of the acceptance period of the tender offer, which ends on July 15, according to Midea.

"Cutting-edge technology from Germany and Midea's long-term experience and network in the Chinese market will allow us to benefit from the growth opportunities across different industries in China," said Fang.

One of key strategic focus areas of Kuka is the broader robotics market in China, an area in which Midea also sees sustainable growth opportunities, according to Fang.

According to an industrial report written and released by Midea, China continuously seeks ways to automate its factories as rising labor costs reduce the country's cost advantage, prompting the need to increase factory automation. However, robot penetration in general industries currently remains extremely low at about 17 units per 10,000 workers in China, according to the report.

"The partnership will expand Kuka's product offerings and customer base in China, especially in the Pearl River Delta region, a major manufacturing and industrial base in South China," said Lin Jiang, a professor at the Guangzhou-based Sun Yat-sen University.

A larger shareholding in Kuka will also help the companies increase exposure to general industry in China through Midea's network, realize efficiencies in supply chains, and grow the service robotics business in the consumer segment, according to Lin.

In addition to its market share of 35 percent in North America and 46 percent in Europe, Kuka also achieved a 19 percent market share in Asia and other regions, according to the report.

The company had about 3 billion euros in revenue in 2015,

The Augsburg, Germany-based company has expanded its Asian presence in recent years, with a factory being established in Shanghai in 2013. It already provides hundreds of products to automate Midea's factories. By 2020, Kuka said that it plans sales of 1 billion euros in China.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲成人h | 午夜性刺激免费视频观看不卡专区 | 成人欧美精品大91在线 | 国产精品久久久久久福利漫画 | 一级免费视频 | 中文偷拍视频在线观看 | 成人在线免费观看网站 | 国产一级真人毛爱做毛片 | 国产精品网址 | 国产高清免费不卡观看 | 波多野结衣在线观看一区二区 | 欧美三级在线视频 | 国产亚洲国产bv网站在线 | 国内外成人免费视频 | 国产精品久久久久三级 | 成人a毛片免费视频观看 | 美女综合网 | 女人张开腿等男人桶免费视频 | 亚洲国产视频在线 | 亚洲精品中文字幕一区在线 | 欧美成人亚洲综合精品欧美激情 | 亚洲综合欧美综合 | 中文字幕一区二区三区免费视频 | 欧美日韩在线永久免费播放 | 黄色三级日韩 | 欧美一级aa免费毛片 | 天天夜夜久久 | 欧美激情综合亚洲一二区 | 真实国产乱子伦高清 | 欧美日韩加勒比一区二区三区 | 免费观看女人一摸全是水 | 欧美 日韩 国产 成人 在线观看 | 久久久精品2018免费观看 | 国产精品日产三级在线观看 | 国产成人精品在线观看 | 69成人做爰视频69 | 欧美性色高清生活片 | 亚洲日本综合 | 国产三级国产精品国产国在线观看 | 色综合久久一本首久久 | 亚洲性在线 |