Because overseas acquisitions, on behalf of the forefront of electric vehicles, wheel motor, landing in Hubei and Zhejiang, is expected to achieve industrialization by the end of 2017, leading the world of automotive technology trends.
As a result of mergers and acquisitions of Germany Purui, both wins electronic from a small car function manufacturers turned into a global brand of global enterprises, and into the Porsche, Volkswagen, BMW and other enterprises supporting the global system.
As a member of China Aviation Automotive Systems Holdings Limited (Chairman and CEO of Air China Automotive Co., Ltd.), Zhao Guibin was named the 2016 Global Business Leader by American Fortune magazine, with Apple, Amazon, Facebook and other companies CEO par.
"December 13, Zhao Guibin in the" China Automotive News "reporter interviewed, the Chinese auto parts overseas mergers and acquisitions results expressed gratitude to the Chinese auto parts enterprises to go to the forefront of the world, overseas mergers and acquisitions is an important way now desirable.
In recent years, the weak foundation of China's auto parts enterprises finally found a shortcut to the car power - overseas mergers and acquisitions. The world's second largest skylight company Holland Ina France, the world's fifth largest tire manufacturer Italy Pirelli, Europe's largest wheel motor company Netherlands e-Traction, the world's leading Johnson Controls auto interior business, are Chinese enterprises into the bag , Respectively, to become Heinha Chuan, China Chemical Industry, Tianhai Group, China's auto business unit.
Deloitte "2016 China Auto Industry Foreign Investment Report" data show that its own brand of auto and parts enterprises since 2013, 3 years has completed 60 overseas M & A transactions involving 17.7 billion US dollars. Whether it is the number of transactions or size, have hit a record high. Among them, the parts and components business is the main force of overseas acquisitions, accounting for more than 70% of the total transaction. Through overseas mergers and acquisitions, China's auto parts enterprises to achieve integration into the international market, access to core technology, expand the global scale, cultivate talent gorgeous turned.
M & A: Only internationalization can be developed
China's auto parts business development and China's auto industry is not synchronized, the industry is looking forward to the "Chinese-style breakout" rarely occur in the field of auto parts, independent parts and enterprises compared with the international leading enterprises still have a wide gap. "In general, most of China's auto parts enterprises are still at the lowest end of the industrial chain - a single product, weak profitability; customer single, relying on a small number of domestic vehicle factory; talent shortage, lack of innovation, lack of simultaneous development capabilities; Accumulation and international sales service network. "Chunhui capital partner Yangling think.
Faced with these problems, independent parts and components enterprises to overseas mergers and acquisitions as a breakthrough in technology, business transformation of the key initiatives. "Only internationalization, and actively integrated into the ranks of the international mainstream auto parts in order to cross the development and achieve the strategic goal of China Airlines." In the hands of the United States from the acquisition of General Motors before the special, Zhao Guibin to develop such a development strategy.
For overseas assets to be acquired, companies need to carefully evaluate. Wanfeng Group Holdings Chairman Chen Ailian on the "China Automotive News" reporter said: "Wanfeng Group in the international acquisition concerned about five aspects: First, the acquisition of the object in which the industry is advanced in the international market is leading; Is its business is in line with the strategic direction of Wanfeng Group; Third, how is the profitability of enterprises; Fourth, its brand in the global market segments how the impact; Fifth, after the merger, the project can successfully land in the Chinese market, healthy development , And effectively enhance the development of Wanfeng Group.