China's Big Bid For Germany's Industry 4.0 Technology
Klaus E. Meyer for Forbes: Midea, the Chinese household appliances (“white goods”) manufacturer just made what analysts called an ‘incredibly high’ bid for German robot maker Kuka. This acquisition would take the Chinese investor right to the heart of Industry 4.0 : Kuka is a leading manufacturer of multifunctional robots that represent an important building block for enterprises upgrading their factories with full automation, the latest human-machine interface functionality, and machine-to-machine communication. Midea want a 30% stake in Kuka and have offered €115 per share. Kuka’s shares traded at €84 the day before and had already increased 60% since the beginning of the year. This offer values Kuka at €4.6 billion, which means Midea’s 30% stake would be worth €1.4 billion – on par with Beijing Enterprise’s February 2016 takeover of recycling company EEW which was the largest Chinese acquisition of a German firm to-date.
Midea’s takeover bid underscores Chinese interest in German Industry 4.0 technology; in January 2016, ChemChina paid €925 million for Munich-based KraussMaffei machine tools, in part because of their advances into Industry 4.0. Recent smaller Chinese acquisitions in the German machine tool industry, which include the partial acquisitions of H.Stoll by the ShangGong Group and of Manz by the Shanghai Electric Group are, in part, motivated by the objective to partake in the latest Industry 4.0 developments. Cont'd...
KUKA and Infosys Announce Industry 4.0 Partnership
The aim of the collaboration is the development of a software platform that will allow customers to collect, evaluate and utilize data for improving their own processes.
Why Everyone Must Get Ready For 4th Industrial Revolution
Bernard Marr for Forbes: First came steam and water power; then electricity and assembly lines; then computerization… So what comes next?
Some call it the fourth industrial revolution, or industry 4.0, but whatever you call it, it represents the combination of cyber-physical systems, the Internet of Things, and the Internet of Systems.
In short, it is the idea of smart factories in which machines are augmented with web connectivity and connected to a system that can visualize the entire production chain and make decisions on its own.
And it’s well on its way and will change most of our jobs.
Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, has published a book entitled The Fourth Industrial Revolution in which he describes how this fourth revolution is fundamentally different from the previous three, which were characterized mainly by advances in technology.
In this fourth revolution, we are facing a range of new technologies that combine the physical, digital and biological worlds. These new technologies will impact all disciplines, economies and industries, and even challenge our ideas about what it means to be human. Cont'd...
Machine vision in action: MVTec at Hannover Messe 2016
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Man Vs Machine
The result of this rung-in change is intended to be that man and machine respectively do what they can do best. The weaknesses of one are compensated for by the strengths of the other.
Smart Factories Need Smart Machines
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ManufacturingTomorrow.com launches its Online Trade Magazine
Following a soft launch in January, www.ManufacturingTomorrow.com has officially launched its Online Trade Magazine.
KUKA Lightweight Robot Could Interact with Humans to Enhance Production Processes
In the age of Industry 4.0, "smart factories" are developing at an unprecedented rate. Nowadays, automated, networked and variable production lines are in high demand as companies aim to respond quickly and flexibly to ever shorter product life cycles.
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