Robot Technology News  
ROBO SPACE
EU, Berlin oppose Chinese bid for German robotics maker: report
by Staff Writers
Berlin (AFP) May 30, 2016


Top officials in Brussels and Berlin oppose a Chinese takeover bid of German industrial robotics supplier Kuka, a newspaper reported Monday.

"Kuka is a successful company in a strategic sector that is of key importance for the digital future of European industry," European Digital Economy Commissioner Guenther Oettinger told the Frankfurter Allgmeine Zeitung.

Oettinger also questioned whether China would allow a foreign company to take a stake in such a strategic company and said "I'm afraid not".

The German politician added that "since there was no call for help to China, it is reasonable to ask whether a European solution -- such as an offer from one of the other two major shareholders, or capital input from other European companies -- would not be the better solution".

Chinese appliance giant Midea -- best known for its washing machines and air conditioners -- last week launched a takeover offer for Kuka.

It is seeking at least a 30 percent stake in a deal that values Kuka at 4.6 billion euros ($5.2 billion). Midea already holds a 13.5 percent stake in Kuka.

German Vice Chancellor and Economy Minister Sigmar Gabriel had also voiced concern about the proposed deal at a cabinet meeting last week, the daily reported in an excerpt of an article to be published Tuesday.

On the record, Gabriel's ministry says the government does not involve itself in business affairs, said the report.

Kuka, based in the southern German city of Augsburg, describes itself as one of the world's leading manufacturers of industrial robots but also offers automated systems for manufacturing.

Midea is a leading consumer appliances maker as well as China's biggest producer of heating, ventilation and air-conditioning systems. Its global turnover was more than $22 billion last year, according to its website.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All about the robots on Earth and beyond!






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
ROBO SPACE
Carnegie Mellon transparency reports make AI decision-making accountable
Pittsburgh PA (SPX) May 30, 2016
Machine-learning algorithms increasingly make decisions about credit, medical diagnoses, personalized recommendations, advertising and job opportunities, among other things, but exactly how usually remains a mystery. Now, new measurement methods developed by Carnegie Mellon University researchers could provide important insights to this process. Was it a person's age, gender or education l ... read more


ROBO SPACE
Insitu gets U.S. Navy Blackjack drone contract

DARPA sets sights on Robotic Space Plane for next generation warfare

Estonian military tests unmanned ground vehicle

U.S. evaluates new Tether Eye ISR platform

ROBO SPACE
Multifunction Phase Array Radar (MPAR)

Schafer Corp launches new venture in Commercial Space Situational Awareness

Believe the hype? How virtual reality could change your life

Mantis shrimp inspires next generation of ultra-strong materials

ROBO SPACE
'Weak' materials offer strong possibilities for electronics

Scientists create 'magnetic charge ice'

New tabletop instrument tests electron mobility for next-gen electronics

A switch for light-wave electronics

ROBO SPACE
Renewables take wind out of Hungary-Russia nuclear project

Bids for S.Africa nuclear plants to open in next months

Russia, Kenya sign memorandum on nuclear cooperation, plan first NPP

Moscow, Yerevan discuss provision of Armenian NPP with fuel

ROBO SPACE
Shabaab leader 'presumed killed' in US strikes in Somalia

Islamic State seen shifting to more international attacks: UN

Two Philippine soldiers killed in clashes with militants: army

US forces on ground in Syria aiding key anti-IS fight

ROBO SPACE
It pays to increase energy consumption

Changing the world, 1 fridge at a time

Could off-grid electricity systems accelerate energy access

EU court overturns carbon market free quotas

ROBO SPACE
Investment in energy storage vital if renewables to achieve full potential

New concept turns battery technology upside-down

Discovery could energize development of longer-lasting batteries

Power up when the temperature is down

ROBO SPACE
China launches new satellite for civilian hi-res mapping

China mulls teaming up with foreign agencies to explore Moon

China's new launch center prepares for maiden mission

China, U.S. hold first dialogue on outer space safety









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.