“We want to continue to be a reliable partner for our customers, based on the know-how of our employees”, said Peter Mohnen.
Dr. Andy Gu, Chairman of the Supervisory Board: “On behalf of the supervisory board and the entire company, I would like to thank Dr. Reuter for his tremendous efforts in successfully managing KUKA’s turnaround since he took the helm in 2009. KUKA is now well-positioned to re-enter a path of sustainable growth, benefiting from the increasing demand in intelligent robotics and by strengthen the position in the Chinese market.”
All existing investor agreements that KUKA has signed with Midea as controlling shareholder including the ring-fencing-agreement protecting KUKA’s intellectual property will stay in place unchanged. Midea expressed its support for KUKA’s growth strategy, including the development of the Chinese market, focus on research and development, investment in digitization and Industrie 4.0 as well as a strong commitment to KUKA´s presence in Germany.