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Fosun acquires automation solutions provider FFT Group

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Fosun International Limited, one of the world’s leading family-focused multinational companies, has agreed to acquire FFT GmbH & Co. KGaA, a global provider of automated and flexible turn-key production systems.

FFT is to be acquired from ATON GmbH, a German family-owned private investment company, through the funds managed by the subsidiaries of Fosun International.

Founded in 1974 and headquartered in Fulda, Germany, FFT provides flexible automation turn-key solutions, customized engineering designs, and various smart factory solutions for renowned first-line original equipment makers (‘OEMs’) in Germany, the USA, Japan, China and other countries.

[Read more…] about Fosun acquires automation solutions provider FFT Group

Chinese collaborative robot maker Aubo Robotics raises $9 million in funding

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A Chinese collaborative robot manufacturing startup company called Aubo has raised $9 million in funding from Fosun. 

Fosun is a conglomerate based in China with a widely diversified investment portfolio.

Fosun has previously invested in Aubo and believes the cobot maker has the potential to become a “unicorn”, a startup with a valuation of $1 billion or above.  [Read more…] about Chinese collaborative robot maker Aubo Robotics raises $9 million in funding

Intuitive Surgical to develop products in China with Shanghai Fosun

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Intuitive Surgical and Shanghai Fosun Pharmaceutical have formed a joint venture to research, develop, manufacture and sell innovative, robotic-assisted catheter-based medical devices.

The joint venture between Intuitive Surgical, the global leader in robotic-assisted minimally invasive surgery, and Fosun Pharma, a leading healthcare group strategically comprising the complete value chain, will initially produce products targeting early diagnosis and cost-effective treatment of lung cancer, one of the most commonly diagnosed forms of cancer in the world.

The technology will be used in robotic-assisted medical devices based on catheters, and incorporates proprietary intellectual property developed or owned by Intuitive Surgical.  [Read more…] about Intuitive Surgical to develop products in China with Shanghai Fosun