LATEST NEWS AND DEVELOPMENTS
May was another big month for robotics - 13 companies were funded to the tune of $111 million. Four companies were acquired with 2 of the 4 reporting selling prices totaling $422 million. And thats without the $5.2 billion bid for Kuka by Chinese Midea, or the pending sale of Google's Boston Dyna...
Earlier this week I attended the opening day of INNOROBO in Paris, France. This three-day event focused on A human approach to robotics technologies and was again well attended by the major industry players as well as many interesting start-ups. Many of the industry pure play and bellwether names...
Over the past two years, research in 5G and robotics PPP projects have received the highest funding awards within Horizon 2020, the EUs research and innovation program.
In China's relentless state-stimulated quest to grow their robotics industry, Midea Group, a Chinese appliance manufacturer which already owns 13.5% of KUKA's shares, has offered to buy all remaining shares at a 59.6% premium thereby valuing the sale price at $5.2 billion.
In a world where futuristic developments roll out on the regular, ROBO Global takes the time to find the need to know robotics news - so you don't have to. Here are the highlights from the week of May 14-20 in the world of robotics and automation:
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