The Case Study Of Hepalink Acquisition SPL And Post-merger Integration Research

The enterprises in Europe and the United States and other developed countries have suffered an impact of downturn due to the 2008 financial crisis and European debt crisis.Under the circumstance of stable development of China's economy and the inherent needs of enterprise development,an increasing number of Chinese companies choose to enter the international market via overseas mergers and acquisitions.However,Chinese companies' overseas mergers and acquisitions have encountered a variety of difficulties and challenges in recent decades.In fact,Most mergers and acquisitions have failed The integration of the poor is the main reason for 80% of the failure of mergers and acquisitions.Through the collation of domestic and foreign scholars study of the integration of mergers and acquisitions,the existing research mainly existing theory system is not complete,the mechanism and mechanism of merger integration,lack of index selection is one-sided and the lack of in-depth analysis of a single case of the five aspects of the problem.In this thesis,through the analysis of Hepalink acquisition of SPL Acquisition Corp.and financial data,combined with the basic theory of cross-border mergers and acquisitions at home and abroad,this paper analyzes the causes,processes and problems of mergers and acquisitions and solution.Finally,according to the analysis of the case,summed up the following inspiration: first,we must attach importance to strategic integration;second,according to the actual situation to choose their own payment;third,mergers and acquisitions should pay attention to cultural integration;fourth,we should pay attention to localization strategy;five,we must make a integrated integration plan;six,we must to take mergers and acquisitions as a process of change,and according to the actual changes in the adjustment plan.At the same time,using the knowledge learned,the analysis and summary of this case can be used as successful experience for other enterprises to reduce risk and improve the success rate of overseas mergers and acquisitions.It is hoped that there can be a certain guiding significance for domestic enterprises in the integration after overseas mergers and acquisitions.