On July 20, the Chinese enterprise Midea Group announced that KUKA Group has accepted Midea's acquisition offer for 72.18% of its shares. After the acquisition is completed, Midea Group will hold 85.69% of the shares, equivalent to approximately RMB 33.8 billion.
So, who exactly is Kuka, which Midea Group bought with a large sum of money? It's the same manufacturer that makes KUKA robots! How powerful are KUKA robots? This video may show a thing or two.
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