Porsche buys Kuka machine tool unit to enhance lightweight production

Resource from: Reuters Likes:195

Jun 23,2015

Porsche has bought the machine tool unit of industrial robot maker Kuka to enhance production of sports cars amid a growing use of lightweight materials. Porsche and other automakers are increasingly using aluminum, carbon fiber and other lightweight substances to help comply with rigid carbon emission limits for their vehicles in Europe, China and other regions. The transaction may cost Volkswagen-owned Porsche between 10 million euros ($11.34 million) and 25 million euros, a source familiar with the matter told Reuters. The two companies disclosed no details on the deal. The acquisition will give Porsche new expertise in producing tools to cut and reshape aluminum and other materials, Porsche said. "Porsche is taking important steps for the future of sports-car production," CEO Matthias Mueller said in a statement. A spokeswoman for Kuka said the deal could be ratified by Aug. 1, declining to elaborate. The Kuka division has more than 600 workers at two plants in Germany and Slovakia.

(Reuters)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Pattern Energy Acquires a One-Third Interest in 270 MW K2 Wind Power Facility
Next Rexnord names new non-executive chairman

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.