Chancellor Angela Merkel is reported by Reuters news agency as saying she is looking for a “good solution” in response to the Chinese takeover bid for Kuka, one of the biggest industrial robot manufacturers in the world.
Midea, a Chinese producer of household appliances, recently offered $5 billion to take over Kuka, and the robot-maker’s chairman, Dr Till Reuter, has already said the bid “can support our strategy”.
However, Dr Reuter’s apparently positive vibes has many in Germany seething and looking for a counter-offer which will keep Kuka under German control. [Read more…] about German Chancellor Angela Merkel looking for a ‘good solution’ in response to Chinese bid for Kuka Robots
