The Star: Chinese appliances giant Midea moved a step closer to fulfilling its ambition to acquire German industrial robotics firm Kuka with two weekend deals raising its stake to nearly a majority.
Two of Kuka’s biggest German shareholders – technology company Voith and entrepreneur Friedhelm Loh – said they had decided to take up Midea’s offer of €115 (RM512) per share and sell their stakes.
German news agency DPA reported that Voith had agreed to sell its stake of 25.1% for €1.2bil (RM5.34bil).
And Loh told the business daily Handelsblatt he had decided to sell his stake of 10% for nearly €500mil (RM2.22bil).
Combined with its existing holding of 13.5% in Kuka, the two purchases mean Midea now holds 48.5%, or not far from the outright majority, in the Augsburg-based robot builder. Cont'd...
John DiPietro for NHVoice: Lately, Boston Dynamics has released a new video of its robot called Mini Spot. In the video, the robot is seen running around outside, planning around objects in a home and climbing up stairs. The best part of the video is how delicately the robot picks up a wine glass and puts into the dishwasher.
The wine-glass act has been highlight as it could be judged as to how much skilled is the robot in handling delicate things. For robots to safely operate around humans they need to be able to sense their environment and capable of knowing how mighty they are.
Mini Spot weighs 55 lbs and is all electric and runs for around 90 minutes on a charge depending on what is it doing. The robot is having many sensors, including depth cameras, a solid state gyro and proprioception sensors in its limbs. Cont'd...
Intelligrated co-founders win 2016 Ernst & Young Masters of Entrepreneurship award for Ohio Valley region
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