Ad
Ad
Ad
Ad
© 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.
Load more news
December 12 2019 10:59 am V14.8.5-1