Midea Group has announced the establishment of a strategic partnership with Servotronix Motion Control Ltd., a leading Israeli company with a broad scope of international business in the development and sales of advanced motion control and automation systems.
Paul Fang, Chairman and CEO of Midea, said, “This strategic alliance represents another milestone of Midea’s expansion in industrial automation and intelligent manufacturing. We believe that Servotronix’s technological leadership and innovation in motion control will generate significant synergies with Midea in terms of value chain integration and new market development. By leveraging each other’s complementary capabilities and resources, the two companies will join forces to develop exciting new products and explore growth opportunities going forward.”
The news came hot on the heels of the acquisition earlier in the year of KUKA AG, a leading global supplier of intelligent automation solutions, by Midea’s subsidiary MECCA International (BVI) Limited.
“KUKA’s global leadership and expertise in the eld of robotics and automation, combined with Midea’s exponential global growth, industrial base and logistics operations, and understanding of consumer markets, will enable the creation of intelligent machines and smart factories that usher in a new era of robotics-based manufacturing, with unlimited applications across industries such as process manufacturing, healthcare, smart home, security, and education,” Mr. Fang said.