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Draghi prevents technology transfer

Italy’s Prime Minister Mario Draghi has vetoed the transfer of technologies and software from robot manufacturer Robox to a Chinese competitor. Chinese company Efort Intelligent Equipment wanted to increase its stake in Robox. The deal stipulated that Efort would be allowed to use some of Robox’s intellectual property. Draghi has now prevented that. However, Efort will be allowed to increase its stake in Robox by nine percent to then 49 percent, Reuters reports. Robox develops and manufactures electronic components for the robotics sector as well as motion control systems.

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