| Under the macro background of China,with the adjustment of economic structure,many enterprises have encountered bottlenecks in their traditional business development.In order to seek new ways of profit,enterprises begin to develop in the direction of diversification and business transformation.Mergers and acquisitions are a way for companies to expand business scale,gain synergies and enhance competitiveness.In the process of merger and acquisition,enterprises can integrate their industries or departments through merger or acquisition,so as to obtain more resources and improve their core competitiveness.As the market competition increasingly fierce,cross-industry M&A has become an important part of our country listed company merger and acquisition activity.Through cross-industry mergers and acquisitions,enterprises can obtain significant positive impact through related party transactions,and can obtain various resources in the target field in a short period of time,including human resources,technical resources and customer resources,and can also use idle cash flow to optimize resource allocation.With the process of urban modernization in China,the landscape industry got rapid development.At the 2022 world economic BBS in the video conference,Xi Jinping stressed that "achieving carbon peak carbon neutrality is an inherent requirement for China’s high-quality development and China’s solemn commitment to the international community",Landscaping construction has also gradually changed from the principle of appearance to the concept of ecological environmental protection Enterprises in the garden industry are facing huge policy risks and urgently need to transform to cope with new developments.In this process,the most economical and efficient way may be to achieve strategic transformation through cross-industry mergers and acquisitions,which can help companies quickly gain an advantage in new areas.This paper takes the Beijing Orient Landscape & Environment Co.,Ltd.of mergers and acquisitions of Zhongshan Environmental Protection Industry Co.,Ltd.and Shanghai Leeya Water Treatment Tech Co.,Ltd.as a case for study,and this also a key merger and acquisition for Orient Landscape to enter the field of comprehensive water environment treatment.This paper mainly conducts research through the literature research method and the case study method,and on the basis of the research results of previous generations,it presents the research of domestic and foreign scholars on mergers and acquisitions,introduces the relevant theoretical basis of mergers and acquisitions motivation and performance,and the performance evaluation methods applied.This is followed by an introduction to the company profile of the case company and the M&A process.Through in-depth excavation of the basic situation and business status of the case company,analysis the Orient Landscape of mergers and acquisitions in Zhongshan Environmental Protection and Leeya water of motivation,And through the analysis of relevant financial indicators and EVA indicators,the company’s operating performance before and after the M&A event is evaluated,and the market performance,financial performance and economic added value of Orient Landscape are analyzed and evaluated.In the short term,the company’s profitability,growth,solvency and operational capacity have been enhanced to some extent.After the occurrence of the M&A event,the company’s various indicators have been improved to some extent.However,in the long run,this M&A has actually buried many hidden dangers for its future development.Finally,this paper puts forward improvement suggestions and summarizes relevant inspirations for the cross-industry M&A of Orient Landscape.Firstly,crossindustry mergers and acquisitions need to be for the acquired industries and enterprises to carry out a comprehensive understanding;Secondly,the integration work after M&A is a key point;In addition,enterprises should also pay attention to external policy changes and make their own adjustments.This paper takes Orient Landscape as an example to evaluate its long-term operation effect after M&A in order to achieve a more comprehensive and objective goal,in order to provide reference for other enterprises who want to carry out strategic transformation through cross-industry M&A. |