Though many in Germany remain uneasy about Midea’s friendly takeover of Kuka, it has started, with the Chinese appliance maker offering close to $130 per share and seeking as much as a 30% stake in the robotics leader.
More than 3,000 robotics companies are opened in the Chinese tech hub Shenzhen — up from 200 just two years ago — but 85% of the robots sold in the country are still foreign-made. Is this a bubble? Will it burst?
Pilz Managing Director Thomas Pilz and U.S. General Manager Mike Beerman discuss the need for investment in the Internet of Things to preserve manufacturing in the West while ensuring higher levels of safety.
Elon Musk shares his thoughts on the future in his mind, from widespread autonomous cars, to the first colonists on Mars, to how artificial intelligence could doom us all.
The German Foreign Trade Act allows the government to attach certain conditions to non-European companies purchasing chunks of German firms, which could delay the considerable transaction.
Germany’s business and political elite should have realized what might be afoot when Midea first acquired a stake in Kuka in August. Now, with Midea offering up 4.5 billion euros and a 60% premium, it’s arguably too late.
Chinese appliance leader Midea offered up more than 4.5 billion euros for Kuka, but the EU Digital Commissioner says the German robotics company should look closer to home for a savior investor.
If you think robots really are going to take all the jobs, then owning one of the world’s biggest robot-makers would seem a smart strategic move.
The leading Chinese appliance maker wants to further increase its ownership stake in the German robotics company to about 30%, and is willing to pay a significant premium.
Rodney Brooks, founder & CTO of Rethink Robotics, accepted the IndustryWeek Industry Excellence Award for Manufacturing Technology Leadership via video at the recent IW Manufacturing & Technology Show.
Brooks was chosen by IW editors...