KUKA purchases remaining shares in Reis
KUKA AG, one of the world’s leading suppliers of intelligent automation solutions, has already held a 51% stake in the Reis group of companies since January 2014.
28 October 2016
The founder of the company Reis has now decided to sell the remaining shares in the holding company at this point in time. In doing so, the founder is confirming its resolve to place its life’s work within the larger framework of the KUKA Group. The complete takeover will enable the development of products and technologies in the field of robot-based automation to be driven forward more intensively with the pooled expertise.
Furthermore, the commitment of the new owner, KUKA AG, and the former proprietor, Walter Reis, to the Obernburg location, the staff there and the technology associated with the site is being underscored by two donations. Walter Reis is donating the sum of one million euro towards advancing the fields of robotics and automation at the technology location Untermain. The KUKA Group is likewise making a donation of one million euro to the Obernburg-based charitable organization “Stiftung Hilfe in Not”.