Deloitte China released the "2016 China Automotive Industry Foreign Investment Report" on the 6th, saying that since 2013, China's own-brand auto and parts companies have completed 60 overseas M&A transactions within three years, involving an amount of US$17.7 billion.
The report pointed out that the speed of overseas construction of Chinese auto companies has slowed slightly, but the number and scale of overseas mergers and acquisitions has become longer. The target markets for cross-border mergers and acquisitions are mainly mature markets such as the US and Western Europe.
The report made a study on the “going out†situation of Chinese auto industry enterprises. It was found that overseas mergers and acquisitions became the main way for Chinese automakers and component companies to invest abroad from 2013 to 2015. M&A sponsors also gradually led the industry from early large state-owned enterprises. The transfer of private enterprises, merger destinations also penetrated from the original emerging market countries to mature markets in Europe and America.
Chales Knight, director of global M&A services at Deloitte, said: "Because the current technical strength of Chinese companies is not strong, most overseas mergers and acquisitions are mainly based on overseas quality assets. The data shows that Chinese auto companies are in Germany. Cross-border M&A projects initiated by two automobile manufacturing powerhouses have accounted for nearly 40% of the total transactions, and the M&A targets of both countries are component companies.
Charles Knight said that after the financial crisis, many Western auto companies are actively seeking suitable buyers on a global scale under financial pressure. This trend has also provided huge opportunities for Chinese companies.
According to the analysis of the report, from the perspective of mergers and acquisitions, the parts and components enterprises are the main force of overseas acquisitions, involving transactions accounted for more than 70% and 80% of the total transaction volume and total amount, and some Chinese auto parts giants have already been active in overseas mergers and acquisitions. In the market, with the slowdown of China's economic growth and weak consumer demand, outbound M&A has become an important way for enterprises to achieve non-organic growth.
Charles Knight believes that China and Europe and the United States and other Western countries have differences in social culture, business environment and laws and regulations. The integration process after mergers and acquisitions is also a very important part. Therefore, Chinese companies must pay attention to overseas assets. Manage and integrate risk and establish a corresponding integration plan.
Pneumatic Parts Forming Machine
The SF-306 and SF-308 machines are Pneumatic radial components lead cutting machines. They all can be used to do those components: including Various parts, such as crystal, capacitance, resistance, etc., can be made into bending feet and can be matched with various forms of mould.But still have something different between them.
The type of SF-306 is a single cylinder type suitable for crystal, resistor, capacitor shear foot bending
The type of SF-308 is a Double cylinder type suitable for crystal, resistor, capacitor shear foot bending.
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