Haier acquires GE Appliances

Haier Group, China's biggest maker of household appliances, has signed closing documents for the company's acquisition of General Electric (GE)'s home appliance business, according to an announcement made by the two sides.

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Midea bids for control of German robot-maker Kuka with $5.16b

Midea Group, China's biggest maker of home appliances based in Foshan, Guangdong province, launched on Thursday a voluntary public tender offer for all shares above its current 13.5 percent stake in Kuka AG, a global technology leader in robotics and automation.

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