The company is headquartered in Augsburg, Germany. Most robots are finished in "KUKA Orange" (the official corporate color) or black. Midea is pursuing to become the largest shareholder by raising its stake beyond 70 percent. In 2016, Midea Group offered to buy Kuka for about €4.5 billion ($5 billion). Today, KUKA concentrates on solutions for the automation of industrial manufacturing processes. The company is a member of the Robotics Industries Association (RIA), of the International Federation of Robotics (IFR) and of the German engineering association VDMA. In 1995, the company was split into KUKA Robotics Corporation and KUKA Schweißanlagen (now KUKA Systems), now both subsidiaries of KUKA AG. However, in 1980, the Quandt family withdrew and a publicly owned firm was established. At that time, the company belonged to the Quandt group. In 1973, KUKA created its own industrial robot FAMULUS. Keller & Knappich GmbH merged with part of Industrie-Werke Karlsruhe AG to become Industrie-Werke Karlsruhe Augsburg Aktiengesellschaft, eventually KUKA for short. At first, the company focused on house and street lights, but soon expanded to other products (welding equipment and solutions big containers), to become the market leader in communal vehicles in Europe by 1966. The company was founded in 1898 in Augsburg, Germany, by Johann Josef Keller and Jacob Knappich. 4 System information and application areas.
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