Ron Burgundy Posted December 30, 2016 Share Posted December 30, 2016 China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China protects its own companies against foreign takeovers. "The United States government authorities Committee on Foreign Investment in the United States and the Directorate of Defense Trade Controls on December 29, 2016 have cleared the takeover of Kuka," Kuka said. View the full article Quote Link to comment Share on other sites More sharing options...
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