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Announced

23 Nov 2021

Midea Electric to acquire the remaining stake in KUKA.

Synopsis

Midea Electric, an electrical appliance manufacturer, agreed to acquire the remaining stake in KUKA, a manufacturer of industrial robots and systems for factory automation. Financial terms were not disclosed.

Principals

target

Kuka

bidder

Midea Group Co

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Market Context

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Seller Team (1)

peter g. mohnen

CEO at KUKA AG

Manager

target

Deal

n/a

Total Value

Bidder Team (7)

matthias cloppenburg

Counsel at Hengeler Mueller

Lawyer

bidder

Deals

£ 112.25 B

Total Value

hongbo fang

Chairman and CEO at MIDEA GROUP CO LTD

Manager

bidder

Deal

n/a

Total Value

petra mennicke

Counsel at Hengeler Mueller

Lawyer

bidder

Deals

£ 2.61 B

Total Value

david fabry

Senior Associate at Hengeler Mueller

Lawyer

bidder

Deal

n/a

Total Value

oliver rieckers

Partner at Hengeler Mueller

Lawyer

bidder

Deals

£ 4.13 B

Total Value

ingo albert

Associate at Hengeler Mueller

Lawyer

bidder

Deals

n/a

Total Value

bernd wirbel

Partner at Hengeler Mueller

Lawyer

bidder

Deals

£ 42.52 B

Total Value

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