Infore Group has purchased controlling interest in Kuka Group Co. Ltd., the parent company of Kuka North America.

According to a LinkedIn post from Kuka North America, "this marks a significant milestone for Kuka Home and demonstrates our commitment to strategic growth and long-term success in the furniture industry."
 
The Gu family, Kuka Group’s largest shareholder, sold 29.42% of its shares (valued at 10.3 billion RMB) to Infore Group and will retain ownership of 10.15% of their shares. The remaining 60% of shares will be held by a diverse group of investors.

"We are excited for the next chapter of Kuka Home with Infore Group as our new controlling shareholder. We look forward to working together to further fortify our position as a global furniture industry leader and solidify growth opportunities in multiple categories," said Matt Harrison, president of Kuka Home North America. "Our customers can rest assured that our unwavering commitment to providing high-quality furniture and maintaining strong relationships remains unchanged”, said Harrison.

Infore Group Co., Ltd. (Infore Group) is a diversified industrial investment holding group that was founded in 1994 in Shunde, Guangdong. It has headquarters in Shunde and Shenzhen, Guangdong Province.