M&A Deal Summary

Midea Group Acquires KUKA

On June 28, 2016, Midea Group acquired machinery company KUKA

Acquisition Highlights
  • This is Midea Group’s 1st transaction in the Machinery sector.
  • This is Midea Group’s 1st transaction in Germany.

M&A Deal Summary

Date 2016-06-28
Target KUKA
Sector Machinery
Buyer(s) Midea Group
Deal Type Add-on Acquisition

Target

KUKA

Augsburg, Germany
KUKA develops, manufactures, and supplies automation solutions for a wide range of industrial customers. KUKA was founded in 1898 and is based in Augsburg, Germany.

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Buyer(S) 1

Buyer

Midea Group

Foshan City, China

Category Company
Founded 1968
Sector Consumer Products
Employees100,000
DESCRIPTION

Midea Group is a producer of a wide range of lighting products, water appliances, floor care, small kitchen appliances, laundry equipment, large cooking appliances, and refrigeration products. The Company also produces specialty in home- and commercial-grade heating, ventilation and air conditioning (HVAC) products. Midea Group was formed in 1968 and is based in Foshan City, China.


DEAL STATS #
Overall 2 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (Germany) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Toshiba Lifestyle Products & Services

Tokyo, China

Toshiba Lifestyle Products & Services Corporation develops, manufactures and markets white goods, such as refrigerators, washing machines, vacuum cleaners and other small domestic appliances under the Toshiba brand name. Toshiba Lifestyle Products & Services Corporation is based in Tokyo, Japan.

Buy $473M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-12 Servotronix Motion Control

Petah Tikva, Israel

Servotronix Motion Control Ltd. is a developer of automation solutions focused on motion control for a diverse range of industries including robotics, printing, textiles, medical equipment, renewable energy, CNC and machine tools, food and beverages, and electronics.

Buy $170M