According to foreign media reports, Midea's acquisition of the German industrial robot giant Kuka has been successful, and the European Commission has approved the deal.

Under the EU Merger Regulation, the European Commission has approved the acquisition of German Kuka by China's Midea Group (000333). In 5 last year, Midea Group (000333) announced its intention to make a tender offer for the German industrial robot company Kuka at 115 euros per share.

Taking Shenyang Siasun Robot & Automation Co., Ltd., a leading domestic robot enterprise, as an example, Siasun Robot's dynamic P/E ratio is 102 times, more than twice that of Kuka. Meanwhile, Siasun Robot's total revenue last year was 16.8 hundred million yuan, with a corresponding market capitalization of 407 hundred million RMB.