In the instrumentation industry, the term "mergers and acquisitions" is not unfamiliar. According to statistics, there were a total of 68 mergers and acquisitions incidents in the instrumentation industry in 2011, involving 44 companies, which was the most common merger and restructuring event in history. The biggest feature is that more and more companies have become the "protagonist" of mergers and acquisitions. As an industry giant, PerkinElmer Company has become the company with the largest number of mergers and acquisitions events in the instrumentation industry in 2011 with seven mergers and acquisitions, exceeding that of mergers and acquisitions. Thermo Fisher Scientific, a major business development tool; Agilent Technologies and Thermo Fisher Scientific, ranked second and third respectively with 6 and 5 M&A events. In addition, Bruker, Merck Millipore, Oxford Instruments completed three mergers and acquisitions, Sigma-Aldrich, Hammer Group, Spectris Group, GE Healthcare, QuestDiagnostics completed two mergers and acquisitions. And large companies are increasingly adopting M&A strategies to expand or enhance their product lines and technological capabilities.
Why did the area of ​​instrumentation, which has always attracted less attention, merge and reconnect in 2011?
Global Instrumentation Industry M&A Analysis As the market evolves, corporate capital operations have become one of the major means of development. Mergers and acquisitions have become the most important approach. Large companies have achieved scale expansion and sales through the merger of other companies. increase. The data shows that the operation of capital has a positive correlation with the development of the global economy. After the Internet crisis, the amount involved in global mergers and acquisitions has dropped significantly. However, with the gradual development of the economy, the total amount of merger and acquisition has gradually increased until The occurrence of the subprime mortgage crisis also made this trend decline. However, it can be predicted that in the process of a slow recovery of the global economy, the pace of mergers and acquisitions will increase again.
Obviously, mergers and acquisitions are increasingly valued by instrumentation companies, and the speed of mergers and acquisitions is also accelerating. This shows that scale has become the main direction of business development. In the analysis of the industry, there is a very important dimension is market concentration, in the mature industries and markets, the industry's top three generally occupy 70% -80% of the market (the balance of the break, the need for the emergence of innovation , Or new revolutionary technology, or new changes in demand.) In 2011, the world's top six instrumentation has accounted for the vast majority of sales. Companies that participate in competition in the future must gradually strive for the seats in the front by the advantages of scale, so as to obtain stable income and profits, and to become the final winner, mergers and acquisitions have become the inevitable choice for enterprises to win.
The development of foreign companies driven by markets and policies deserves our reference. Foreign instrumentation companies, through capital operations, acquire or cooperate with other companies to quickly gain market share, expand production and sales capabilities, and strive for greater profits.
Take PerkinElmer as an example, 7 mergers and acquisitions occurred in one year, which is enough to indicate that the frequency of its acquisition and share participation has increased significantly. PerkinElmer has accelerated the process of globalization through capital output, improved the industrial chain, fully understood the market, and strengthened the control of the core links.
Now many foreign investors have focused their attention on China and have made direct investments in China. By investing in the Chinese market, foreign companies are motivated by two factors: market-driven and policy-driven.
Market-driven: Through investment in emerging markets, these markets offer great opportunities; choosing the location closest to customers is conducive to the rapid provision of products and services, after all, want to seize the market and become powerful, integration is imperative .
Policy-driven: 2012 was the year when the national “Twelfth Five-Year Plan†was implemented. Following the development of green, new power and emerging assets, with emphasis on ecological environmental protection as a sub-target of the “planâ€, the instrument and meter industry will be the source of innovation. It plays an insignificant role in the development of a green, low-carbon economy.
In the “12th Five-Year Plan†era, countries will emphasize instrumentation assets, and will inevitably support the superstition of instrumental assets. The instrumentation industry will usher in a new round of growth opportunities. Therefore, the bold integration and expansion of enterprises is an inevitable phenomenon.
M & A purposes and risk analysis From the perspective of goals, the main purpose of the company's mergers and acquisitions can be divided into expanding the scale, occupying new markets, expanding product categories, improving technological capabilities and access to resources, and so on. Screening and evaluation, and integration after mergers and acquisitions.
The focus of domestic companies should focus on the expansion of the industry chain, because with the intensification of competition, the future size of the company will become the main advantage, which means that the purpose of the above mergers and acquisitions need to be considered. In form, mergers and acquisitions can take two different behaviors. Merger refers to property rights transactions, forming a new economic unit. M&A is the acquisition of most or all of the target company’s assets or equity for the purpose of control, and may be used for asset acquisitions or equity acquisitions.
Medium Duty CNC Lathe,Small CNC Machine ,Small Lathe Machine ,CNC Threading Machine
CNC Machine Tools Co., Ltd. , http://www.nblathemachine.com