© stevanovicigor Electronics Production | May 30, 2016

Kuka's CEO welcomes Chinese takeover bid

The CEO of German robotics company Kuka thinks that Chinese Midea could be a growth driver for the business.
"We have set ourselves a goal of reaching a billion euros in sales by 2020. A partner who supports this strategy and provides us with better market access could be a considerable growth driver for Kuka," Till Reuter told shareholders, according to a Reuters report.

The Chinese market for industrial robots is currently the worlds biggest and robot sales in the country rose 16% last year which drove up global sales 8%, the report continues.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
August 13 2017 4:10 PM V8.5.9-2