# Midea Group acquires KUKA AG: acquisition

Canonical ID: `4550d00b-4bb7-4a6a-b789-6b07d8f461e6`

China's Midea Group offered ~EUR 4.5B (~$5B) for KUKA in June 2016 and completed the takeover in January 2017, acquiring a ~94.55% stake in the German industrial-robot maker; Midea later took KUKA fully private. (month-precision dates)

- **Structure:** majority stake
- **Status:** completed
- **Valuation:** $5.0B (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Midea Group](https://registry.deploy.report/companies/midea-group.md)
- **Acquired:** [KUKA AG](https://registry.deploy.report/companies/kuka.md)

## Timeline

- **Announced:** 2016-06-01
- **Closed:** 2017-01-01

## Sources (1)

1. https://www.yicaiglobal.com/news/china-midea-buys-rest-of-german-robot-maker-kuka


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