Hyundai Heavy Industries Holdings and KUKA sign MoU for Strategic Partnership

Augsburg, May 8, 2018 - Hyundai Heavy Industries and KUKA concluded a MOU regarding a strategic partnership. It was signed on May 7th, 2018, in Augsburg, Germany, at KUKA headquarters by Ki-sun Chung, EVP, Hyundai Heavy Industries Holdings, Dr. Till Reuter, CEO KUKA AG and Stefan Lampa, CEO KUKA Industries.

The MOU aims towards a strategic partnership between the two companies including joint efforts on marketing and related comprehensive support. In furtherance of the partnership, a Strategic Sales Framework Agreement between Hyundai Heavy Industries Holdings’ robotics business division (Hyundai Robotics) and KUKA Robotics Korea Co. Ltd., KUKA’s local subsidiary, will be established, signed by Mr. Joong-geun Youn, CEO of Hyundai Robotics and Mr. KD Chang, CEO of KUKA Robotics Korea Co. Ltd.

Throughout such partnership, Hyundai Robotics intends to broaden its product portfo-lio, especially regarding new technologies and products, small robotics, human-robotic collaboration, mobility, etc., as well as to expand its business with existing and newly acquired Korean customers.