KUKA Group revenue 1999-2023

In the fiscal year of 2023, the Germany-based producer of industrial robots generated around four point one billion euros in revenue. This represents an increase of around four percent compared with the 2022 fiscal year. 

The KUKA Group in the era of consolidation in the industrial manufacturing industry

The KUKA Group is ranked among the leading manufacturers of industrial robots. Its products range from spot welding robots to medical devices and can be deployed in an array of industries, including automotive and aerospace manufacturing. In 2016, KUKA and its largest shareholder at the time, Germany-based Voith GmbH, received a takeover bid from China’s Midea Group. The unsolicited offer valued the German robot maker at almost 40 times the firm’s expected 2016 earnings. As of March 2017, Midea has acquired around 95 percent of KUKA’s stock. As a result of slowing growth in China and widespread unrest among Chinese factory workers, Asian investors are beginning to increase outbound merger and acquisition (M&A) deals. Furthermore, the Industrial Internet of Things (IIoT) revolution is expected to drive consolidation in the automation industry, a growing number of companies in traditional sectors are at a crossroads and are forced to make strategic decisions.