Dr. Hubert Lienhard, president and chief executive officer of the Voith Group, stated: “Voit’s investment in KUKA has proven to be a strategic success. I believe Voith. It will also benefit from this tender offer." Before joining the KUKA Group in 2014, Voith Group has included six areas of automation, information technology security, software platforms, sensors/robots, data analysis and industrial software development as an important part of its digital transformation. At the same time, Voith also actively seeks for attractive development opportunities related to this in the market. Dr. Linhard said: “Investment robot manufacturers have always been regarded as another factor in promoting the Voith product portfolio.†In the current market situation, the sale of KUKA shares is of great commercial importance. "The sale of KUKA shares will help Voith to further integrate resources and provide financial support for investment and strategic acquisitions aimed at organic growth. Therefore, the cash income from the sale of KUKA shares will be used to accelerate the Voith product portfolio. Digital transformation and development." Voith is committed to playing an active role in the digital transformation of the markets it serves. Voith owns four business units that provide a wide range of facilities, products and services for the energy, oil and gas, paper, raw materials, transportation and automotive markets. On this basis, Voith can carry out the digital transformation of the entire business portfolio, enter the relevant market segments, and successfully provide support and guidance for new and old customers in digital transformation. As a mature technology leader with a wide range of industry knowledge and a large customer base, Voith believes that this program has tremendous growth potential, and the company also plans to use it in the coming years. Voith establishes industry standards for energy, oil and gas, paper, raw materials, and transportation and public transportation. Founded in 1867, the Voith Group has more than 20,000 employees in more than 60 countries and annual sales of 4.3 billion euros. It is one of the largest family-owned companies in Europe.
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Voith Group
Voith Group recently announced that it will sell its shares held by robot manufacturer KUKA Group to Midea Group to further promote the digital transformation of Voith Group. After a thorough and detailed assessment, Voith shareholders passed a vote earlier this month and unanimously decided to sell 25.1% of the shares of KUKA Group, which Voith holds, to Midea Group. Voith expects the transaction will generate about 1.2 billion euros in cash income. This means that the value of the shares of KUKA held by Voith has more than doubled in the past year and a half.