EU expected to make it more difficult for foreign companies to buy European companies


The European Union is re-examining the rules governing takeovers of European companies by investors from outside the EU. 

The reassessment comes in the aftermath of the takeover of German robotics and industrial automation company Kuka by Chinese household appliances maker Midea.

Midea’s acquisition of Kuka – for about $4 billion – was said by Bloomberg to be part of a “global acquisitions spree” by the Chinese company.  Continue reading EU expected to make it more difficult for foreign companies to buy European companies

Is industry ready for the circular economy?

circular economy

EU Automation releases circular economy industry guide 

Obsolete industrial parts supplier, EU Automation has published an industry guide for manufacturers interested in making their production method more sustainable by contributing to the circular economy.

The guide can be downloaded, free of charge, from EU Automation’s website, under the Industry Guides section.

The circular economy focuses on keeping resources at their highest utility and value at all times. As well as minimising waste and energy losses, it also improves the environmental impact of manufacturing and reduces the risk of obsolescence.  Continue reading Is industry ready for the circular economy?

Infographic: Why choose obsolete?

eu automation - industrial robots

Global supplier of industrial automation parts, EU Automation, has released an infographic detailing the benefits of purchasing obsolete components as opposed to buying brand new equipment.

Focusing on the financial and regulatory benefits of sourcing obsolete, the handy infographic is available to download from the EU Automation website.

By investigating the cost of downtime in manufacturing industries, specifically for the food and beverage, automotive and pharmaceutical sectors, EU Automation’s infographic names sourcing obsolete components as one of the fastest and most cost-effective ways to minimise stoppages in production.  Continue reading Infographic: Why choose obsolete?

Robots will become ‘electronic persons’ under European Union plan

i robot film still

The European Union is considering giving robots human rights under a plan to classify them as “electronic persons” and making their owners liable to pay taxes on their behalf, according to Reuters

What’s been called a “robot revolution” in recent years has led to millions of robots of all types being built and utilised in almost every area of society – from robotic arms in the manufacturing industry, through autonomous vehicles in transportation, to domestic or service robots in commercial buildings and in the home.

No one knows exactly what the robot population on Earth is, but it’s likely to overtake segments of the human population in some countries within a decade or two. Moreover, a very large proportion of future robots are likely to be humanoids.

This massive growth of robotics and autonomous technologies has led the European Parliament’s committee on legal affairs to draft a resolution saying “that at least the most sophisticated autonomous robots could be established as having the status of electronic persons with specific rights and obligations”. Continue reading Robots will become ‘electronic persons’ under European Union plan