On May 21, Midea Group announced that the company disclosed the voluntary information disclosure announcement on the full acquisition and privatization of KUKA Aktiengesellschaft on November 24, 2021 and the voluntary information disclosure announcement on the full acquisition and privatization of KUKA Aktiengesellschaft on March 26, 2022, The company plans to fully acquire and privatize the equity of KUKA Aktiengesellschaft (hereinafter referred to as "KUKA") through its wholly-owned subsidiary Guangdong Midea Electric Co., Ltd. (hereinafter referred to as "this acquisition"), and now the relevant progress of this acquisition is announced as follows:
KUKA held an annual general meeting on May 17, 2022 local time to consider the proposal of Guangdong Midea Electric Co., Ltd. comprehensively acquiring the remaining shares of KUKA held by minority shareholders in cash, which has been deliberated and approved by KUKA's annual general meeting.
It is understood that according to the requirements of relevant local laws and regulations in Germany, the purchase price is determined by evaluation. After evaluation, the purchase price is 80.77 euros / share, and the total purchase price is 150.5225 million euros.
At the online performance presentation of Midea Group in 2021 recently, Jiang Peng, managing Secretary of Midea Group, said: "in 2021, despite the impact of global supply chain tension, especially the rise of relevant raw materials and transportation costs, KUKA's revenue in 2021 was close to 3.3 billion euros, with a year-on-year increase of 28%, and its income before interest and tax (EBIT) After the epidemic, the demand for industrial robots and automation will further increase, and the relevant investment activities delayed by the epidemic have resumed rapidly. "
Midea said that even in the most difficult time of 2020, we firmly believe that robot is one of the most important industries in China in the future, and it remains unchanged. This business will recover in 2021, and 2022q1 will be more popular and in short supply. Therefore, we are still optimistic about the future development of this industry.
Statistics show that Midea is a global technology group covering five business segments: smart home business group, industrial technology business group, building technology business group, robot and automation business group and digital innovation business, providing diversified product types and services. Among them, the smart home business group, as the business entity of smart home appliances, smart home and surrounding related industries and ecological chains, undertakes the intelligent scene construction, user operation and data value exploration for end users, and is committed to providing the best experience of the whole house smart home and services for end users; The industrial technology business group has the ability to professionally develop, produce and sell high-precision core components such as compressors, motors, chips, frequency converters, servo systems and heat dissipation modules. It has many brands such as Meizhi, Weiling, Meiren, Toshiba, Hekang, riye, Gaochuang and Toshiba. Its products are widely used in the fields of household appliances, 3C products, new energy vehicles and industrial automation; The building technology division, as the business entity responsible for building products, services and related industries, takes the building digital service platform as the core, opens up the building traffic flow, information flow, experience flow and energy flow, and provides users with intelligent, digital and low-carbon overall building solutions; The robotics and Automation Division mainly focuses on the future factory related fields, providing solutions including industrial robots, logistics automation systems and transmission systems, as well as medical, entertainment and new consumption fields.
KUKA is one of the largest robot manufacturers in the world. KUKA was originally a German robot manufacturer. Now it is under the banner of the United States and started from German cars. In the past, KUKA was the designated robot brand of Volkswagen, Mercedes Benz and BMW. The production lines of these enterprises in China, including some parts suppliers, must also use KUKA.