KUKA sells Systems U.S. aviation section to Advanced Integration Technology Inc.
Today, KUKA AG announced the sale of its section KUKA Systems Aerospace North America to the U.S. automation company Advanced Integration Technology Inc. The decision was made in connection with open regulatory approvals in the United States.
December 15, 2016
The sale is an important step to fulfil security-relevant requirements of the U.S. authorities CFIUS (Committee on Foreign Investment in the United States) and DDTC (Directorate of Defense Trade Controls). Both authorities are currently reviewing the takeover offer from MECCA/Midea for KUKA, focusing on KUKA`s activities in military and security-relevant areas in the United States. Both parties agreed not to disclose the sales price.