Due to rising wages in emerging markets, the use of a robot workforce is expected to encourage companies based in industrialized countries to move production back to domestic shores.
The Industrial Internet of Things (IIoT) revolution is expected to drive consolidation in the automation industry, as Asian investors are beginning to increase outbound merger and acquisition (M&A) deals and, at the same time, a growing number of companies in traditional sectors are at a crossroads and are forced to make strategic decisions. In 2016, China's Midea Group has disclosed a takeover bid for Germany's KUKA; the company's largest shareholder is Voith GmbH, which owns about 25 percent of KUKA's stock. In 2015, the highest level of M&A activity in the industrial sector could be attributed to PLM and System Integrators.
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