| In recent years,the auto parts industry has gradually grown and developed,and has shown a trend of globalization.Although China’s auto parts industry has risen late,it has also achieved remarkable results in the international market.However,at present,the nain business content of Chinese enterprises is still limited to businesses with less profit such as complete vehicles.Therefore,how to broaden their development space and at the same time improve the company’s performance is a problem worth studying.Mergers and acquisitions are often used as an external measure for enterprise development.They can integrate resources for enterprises,and obtain the resources,technologies,management methods and new businesses of the merged enterprises in the process of mergers and acquisitions.Therefore,many companies have begun to conduct overseas mergers and acquisitions,and through mergers and acquisitions to absorb foreign advanced technology,customer resources,etc,to seek a larger market and long-term stable survival,and enhance their performanee,Which will be presented in China’s auto parts industry.The inevitable trend.This article will proceed from the current situation of mergers and acquisitions theory and industry mergers and acquisitions,using case analysis method to study the case of cross-border mergers and acquisitions of KSS in the United States in 2016.Including the causal analysis before the merger,the analysis of the financial indicators after the merger,the overseas mergers and acquisitions can bring more obvious short-term performance to the company,the long-term operational performance will be constrained by a variety of internal and extermal factors,so the later integration appears Particularly important.Through this inquiry,it not only enriches the literature research of foreign mergers and acquisitions in China,but also helps domestic scholars and enterprises to understand the impact of overseas mergers and acquisitions on performance,which is beneficial to Chinese enterprises to watch overseas mergers and acquisitions.Under the current heat wave of China’s auto parts mergers and acquisitions,it can provide reference for other companies to implement overseas M&A transactions in the United States,stimulate the emergence of benign M&A activities,and have a positive effect on the improvement of corporate performance. |