Midea embarks on journey to transform itself into a ‘high-tech industry leader’

Chinese home appliances giant Midea says it has completed its acquisition of German company Kuka, one of the world’s largest industrial robot manufacturers. 

While the deal prompted some consternation among those who said the German government should stop the takeover, as well as with those people who subsequently demanded the European Union make it more difficult for Chinese companies to buy EU companies, the two companies are now part of the same group.

Technically, Kuka was acquired by Midea’s subsidiary company, Mecca International.  Continue reading Midea embarks on journey to transform itself into a ‘high-tech industry leader’