JBS recently purchased a controlling interest in New Zealand based and Australian active Scott Technology.
This development with China and Germany may be a game changer.
China's Midea bids $5.2b for Germany's Kuka.
China faces surging labour costs and an ageing population; one answer is to bring in the machines. a 13.5% stake in Kuka, values the German robotics firm at about euro;4.6 billion ($5.2 billion)
http://www.financeasia.com/News/424783,robot-revolution-chinas-midea-bids-52b-for-germanys-kuka.aspx
Monday, May 23, 2016
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