With the signing of the M & A agreement, the “troubles” have only just begun.
Editor’s note: This article is from the micro-channel public number “ThirdBridge” (ID: WeAreThirdBridge) , Author: High Pro advisory.
On March 20th, ThirdBridge and China Investment Network launched the first phase of the “Series of Online Research Salons”. At the event, the business partners of Hejun Consulting conducted an in-depth analysis of “Principles and Risks of Mergers and Acquisitions Integration” and started a dialogue with Gaolin Forum AVP.
Forum Forum AVP Mike believes that The greater difficulty of mergers and acquisitions does not lie in the initial price valuation or the entire negotiation process, but the integration after mergers and acquisitions will become a relatively large difficulty at present. In 2020, whether the entire domestic M & A market is in terms of transaction value or number of M & A transactions, it is not a very optimistic attitude. Although there are a lot of potential opportunities in the country, and the price of assets has also fallen relative to before, he believes that some operations after the merger and acquisition often make everyone more panic and nervous.
Mike further explained that domestic industrial robot companies often go abroad to make acquisitions, want to obtain some achievements in technology, and then use their very deep domestic channels to explore and form a better synergy. “But in fact, we haven’t observed that many companies can learn technology in depth and upgrade their mainstream products better after merging with some advanced technology companies abroad, and everyone still makes their own. Things like this. “
Sinan Chen, a business partner of Hejun Consulting, said he agrees with Mike ’s point of view, “ Now we think that the management integration after mergers and acquisitions may be the most critical stage in the entire stage of mergers and acquisitions. ” Start topic sharing.
M & A integration status
The success rate of mergers and acquisitions is actually not high. According to surveys by research institutes and consulting agencies at the head, 75% of mergers and acquisitions have failed, and the success rate is only 25%. Half of mergers and acquisitions have a decline in productivity in 6-8 months.