Research On The Performance Of H Corporation Acquisition Y Technology Company

With the continuous development of society,the structural contradictions in china’s economy are constantly emerging.The problems of overcapacity,high cost and weakened competitiveness in traditional industries have become more apparent.In recent years,the "new normal" characteristics of China’s economic growth have become increasingly prominent.Some enterprises,whose industries are overcapacity or constrained in profit growth,have chosen to transform their businesses through M&A to achieve sustainable development.Based on this background,this thesis chooses to study the theme of cross-industry M&A,and takes H corporation as the object of this research.H corporation belonged to the traditional manufacturing industry.Through the cross-industry M&A of Y Technology Company,the company successfully achieved strategic transformation and developed in the direction of the "Internet",which has certain typical characteristics.This article adopts the method of combining literature research and comprehensive evaluation.Firstly,it sorts out and summarizes relevant research status at domestic and foreign,and introduces the theoretical basis and methods of related research,which provides basic data and theoretical basis for the research of this article.Secondly,it introduces both parties to the merger and the industry in which they are located,and analyzes the three major motivations for cross-industry M&A of H corporation: looking for new profit growth points;the need for strategic transformation;pursue synergy.And explained the whole process of M&A and payment method.Thirdly,based on the financial performance of the performance commitment of the M&A target and the non-financial performance of strategic transformation,management synergy,research and development capabilities etc,the M&A performance evaluation index system was constructed,and the comprehensive index method was selected for the entire acquisition after H corporation acquired Y technology company.M&A performance is evaluated,and then a positive performance evaluation conclusion is drawn.Finally,according to the analysis of the M&A performance evaluation results after H corporation acquired Y technology company,corresponding suggestions are put forward for the future development of H corporation from the three aspects of strategic transformation,resource integration and innovation ability,and three points of enlightenment are summarized:Choice appropriate M&A time and target;Choose a reasonable payment method;Pay attention to the improvement of self-management ability.It is hoped that it can serve as a reference for companies in similar situations.