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Midea

by   -   August 18, 2016
Hunan Changsha 5S robot store. Source: gog.cn
Hunan Changsha 5S robot store. Source: gog.cn

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.

by   -   August 3, 2016

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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. Buyers are buying, but they are seeking cash-positive market-realistic targets. Values (both monetary and vanity) are taking a hit. What’s a startup to do?

According to CB Insights, startups can (1) get bought at a lower valuation and take the hit; (2) lower their cash burn rate and play the long game; or, (3), if they already have strong fundamentals and good growth, continue on.

by   -   July 21, 2016
Image source: KUKA Aktiengesellschaft
Image source: KUKA Aktiengesellschaft

Since the announcement of the month-long tender offer by Midea to buy 49% of the shares of German robot maker KUKA AG – and private negotiations – Midea now has 85.69% of the shares.



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