Chinese hardware companies step into the fast lane of mergers and acquisitions at home and abroad

This is a big merger era. Chinese companies' cross-border M&A transactions have only just begun in recent years. In the past few years, some large-scale cross-border M&A transactions have emerged. Chinese companies will usher in a climax of cross-border mergers and acquisitions and open a new era of international M&A market. This is also an inevitable feature of China during the period of economic globalization.

In recent years, the domestic hardware industry has also begun to surge in overseas mergers and acquisitions, including many failure cases. It is understood that many hardware companies have begun to actively engage with foreign companies and seek opportunities for overseas mergers and acquisitions. Through mergers and acquisitions, enterprises enhance their scale and sphere of influence. It is understood that this behavior has gradually spread to the hardware industry. In recent years, the domestic hardware industry has begun to surge in overseas mergers and acquisitions. Enterprises attempt to acquire M&A opportunities in foreign markets and acquire the target company's capital, technology and resources to serve the business of the company.

Boshen Tools announced that it has signed a purchase contract with PrewiSchneidwerkzeuge GmbH (hereinafter referred to as “Prewi” in Germany) to acquire the Purui Gao (Shanghai) Machinery Tool Manufacturing Co., Ltd. (hereinafter referred to as “Shanghai Pu Rui Gao”). % equity. The agreement entered into force on May 15, 2010. According to reports, Boshen Tools signed a purchase contract with Germany's Prewi in Herford, Germany on April 24 this year, and acquired a 60% stake in Shanghai Pu Ruigao held by Germany's Prewi for 600,000 euros. In addition, the company must also inject a capital of 300,000 euros into Shanghai Pu Ruigao.

On June 30, 2009, Far East Group successfully acquired the Greenfield/Cleveland Tooling Factory, a 100-year-old high-speed steel drill bit factory owned by Kenner Group of the United States. The “Dalian Far East Enterprise Group”, which was formally established only 15 years ago, completed its second overseas acquisition and became the world's largest and most advanced high-speed steel drill manufacturer with many internationally renowned brands/patented technologies and the largest market share. Sellers.

According to reports, the leading domestic hardware tools company, Superstar Technology, which was listed on July 13, 2010, has always had the willingness to acquire the famous brand manufacturing enterprises and expand the company's business and market through the acquisition of foreign hardware tools. It is understood that the company is actively engaging with overseas target companies.

The author predicts that with the development of the hardware industry, the strength of domestic hardware companies will continue to grow, and there will be more and more overseas hardware companies. The author reminds that while overseas mergers and acquisitions, we must pay attention to the cultural integration between different enterprises, otherwise it will affect the management of enterprises, but become a burden of development.

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