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Chinese consumer manufacturer Midea, after having spent over $4 billion to acquire 94% of German robot maker Kuka, is planning to spend an additional $1.5 billion to turn itself into China's preeminent robot powerhouse.
Despite all the high-profile billion-dollar acquisitions, eg: ARM by SoftBank, KUKA by Midea and Uber China by Didi Chuxing, M&A are down 19% this year according to both Forbes and CB Insights.
AUTOMATICA 2016, held in June in Munich at the massive Messe tradefair facility, is a gigantic show focused on automation, mechatronics, robotics and emerging technologies as they relate to the industrial and manufacturing sectors.
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 July 16-22 in the world of robotics and automation:
The number of research reports studying the robotics industry is growing exponentially. To date in 2016 there have been 109 on subjects ranging from overly broad to very drilled-down views of the industry. Prices range from $800 to $6,500.
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