Research On Technology Integration Of Chinese Enterprises' Cross-border Mergers And Acquisitions

With the rapid development of China's market economy in recent years,China's enterprises are actively into the trend of the globalization,more and more companies make multinational M&A as effective access to open up the international market,get resources and raise their technical ability.By 2016,China has become the biggest country about transnational merger and acquisition.The proportion of cross-border M&A seeking technology for motivation is increasingly high.In the era of knowledge economy,the technological innovation has become a source of competitive advantage for enterprises.But in a wave of enterprises' overseas technology mergers and acquisitions,the few enterprises can implement successfully technology integration,and put the absorption process into practice.From the perspective of technology integration,this paper focuses on analyzing the process of technology integration about enterprise overseas acquisitions,which is based on the method of theoretical analysis and case analysis.In addition,it deepens the analysis of integration measures between Geely group and SAIL Motor crop by the comparative analysis and offers some proposals.The first part of this paper mainly introduces the background of selected topic and the related literatures,illustrating the research framework and methods.The next part introduces the concept of cross-border m&a and technology integration,concentrating on the concept of technology integration.What's more,it also points out that the final destination of technology integration is to acquire advanced technology and realize technological innovation.The third part mainly analyzes the present situation of Chinese enterprises technology integration by overseas m&a,and describes some existing problems.The fourth part expounds the process of technology integration,including two aspects.The first is to analyze the risk factors in the process of technology integration.The second discusses three stages of technology integration,being divided into technological choices,technology transfer,and technical reconstruction.Based on the above theoretical analysis,the fifth part is mainly about technology integration process,which is about Geely and SAIL Motor m&a events,summing up the reasons for the failure of SAIL Motor corp.The sixth part throws out some suggestions based on the above case analysis.