A Case Study Of Motivation And Performance Of Overseas Mergers And Acquisitions

In today's modern society,with the trend of global economic integration becoming more and more obvious,technology,capital and resources in various industries are all important factors of production.Free flow,optimal allocation and the strongest competitiveness can be achieved globally.At the beginning of the fifth wave of the Industrial Revolution,overseas Overseas mergers and acquisitions has become a new business model.No matter what level of enterprises,they are likely to be involved in the tide of overseas Overseas mergers and acquisitions.By stimulating the maximization of market environment factors,technology,capital and manpower in the market may be the main driving force for overseas Overseas mergers and acquisitions.In order to gain a larger share of the market share,mergers and acquisitions are happening all the time.If the modern enterprise develops to a certain extent in the market,its growth rate can not meet the development needs.It has the tendency of merger and acquisition for the suitable target enterprises,which is in line with the inevitable choice of sustainable growth and expansion of enterprises.However,mergers and acquisitions are professional and complex projects.The key to success lies in the realization of the rationality of the valuation of the target enterprise and the effectiveness of integration after mergers and acquisitions.Under the background of the 13th Five-Year Plan,this paper chooses the case of overseas Overseas mergers and acquisitions of Double Star Group in July 2018 in the domestic tire industry.Enterprises have received a large amount of cash flow injection,and the business process of Double Star Group has never stopped looking for suitable mergers and acquisitions enterprises.The purpose is to change the problem of weak R&D capabilities.Double Star Group is mainly engaged in truck tires,while Kumho Tyre are mainly used for passenger tyres.Double Star Group has always wanted to broaden its product line and achieve economies of scale.However,it lacks appropriate researchers and advanced technology.Whether truck tires or passenger tires need to use multiple qualifications,which makes it difficult to build their own tires,and the time span can not be shortened.In view of this,the phenomenon of sales market saturation of Double Star Group has been very obvious,and there is a negative growth trend,we must look for new product lines.The research object of this paper is the overseas merger and acquisition of Double Star Group.From a small point of view,this paper elaborates the development and evolution process of Double Star Group,as well as the way to cope with the development in the market.After case analysis,enterprise development,business management,capital market assistance and so on are all the important entry points for this paper to analyze the motivation of Overseas mergers and acquisitions.Through the research of Overseas mergers and acquisitions development status and financial performance,the Overseas mergers and acquisitions situation is analyzed in detail,and then the deficiencies in the process of Overseas mergers and acquisitions are reflected,thus enlightenment and experience summary are obtained.