Siasun eyes overseas targets

Robot maker plans $1 billion acquisition deals in Europe and United States

Siasun Robot & Automation Co, China's largest robot maker by market value, will step up efforts to acquire foreign companies, as it strives to become a global robot heavyweight in 2020.

Qu Daokui, president of Siasun, said the company is looking at investing in robot technology leaders in Europe and the United States, with acquisition deals starting from at least $1 billion or euros ($1.18 billion).