Research On The Impact Of Midea Technology's Acquisition Of Kuka On Innovation Performance

With the continuous upgrading of China’s industrial structure and consumption,affected by many factors such as rising raw materials and cold real estate,China’s home appliance industry has continued to decline.Home appliance companies have begun to carry out strategic transformation,from traditional manufacturing to intelligent manufacturing era.At the same time,with the continuous development of economic globalization,technology mergers and acquisitions have begun to set off a boom around the world.More and more companies regard technology mergers and acquisitions as a way to quickly acquire technology and improve innovation capabilities.Midea Group,as a typical representative of the home appliance industry,has seen frequent mergers and acquisitions in recent years.At the same time,it has also chosen to achieve intelligent strategic transformation through technology mergers and acquisitions.This article takes Midea’s technology merger and acquisition of KUKA as a case study object,studies the innovation effect after merger and acquisition,and hopes to provide reference significance for household appliance companies to carry out technology merger in the future.This article includes the following seven sections:The first part is an introduction,which mainly includes the background and significance of the research;a review of domestic and foreign research;the content and methods of the research and the technical roadmap and the innovation of the article.The second part describes the related concepts and theoretical basis of technology mergers and acquisitions and innovation performance,as well as the measurement methods of innovation performance and the mechanism of technology mergers and acquisitions’ impact on innovation performance.The third part is mainly the overall analysis of the case.First,it analyzes the current situation of the home appliance industry and the development of the robot industry.Then,it briefly introduces the case objects Midea Group and KUKA Group,and analyzes the reasons for Midea ’s acquisition of KUKA.Finally The entire M&A process is described in detail.The fourth part is the focus of this article.Through the horizontal analysis of the innovation input and innovation output indicators and the vertical comparison analysis with the same industry,it is judged whether technological mergers and acquisitions can promote innovation performance.The fifth part,on the basis of the analysis conclusions in the fourth part,through the analysis of financial indicators and non-financial indicators,to judge the impact of changes in innovation performance on Midea Group’s operating conditions and the response of the capital market to this M&A event.The sixth part draws inspiration from Midea’s successful merger and acquisition of Kuka,and at the same time puts forward some suggestions for Midea Group to continue to improve innovation performance after the merger.The seventh part summarizes the research of the whole article,and also puts forward the shortcomings in the article.The research methods used in this article include case study method,literature analysis method and comparative analysis method.This article intends to find out the reasons for the improvement in innovation performance of Midea’s technology mergers and acquisitions through a case study of Midea’s technology merger and acquisition of KUKA,and to provide references for other companies that intend to achieve technological upgrades through technology mergers and acquisitions.Advice on maintaining innovation capacity after completing mergers and acquisitions.