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© stevanovicigor dreamstime.com 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.
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January 17 2019 2:20 pm V11.11.0-1