Financial Performance Of Machine Tool Industry Technology M&A And Innovation

Machine tool is always closely connected to the development of a country. All of the infrastructure construction cannot leave the machine tool industry. Machine tool industry determines the speed the development of a country, and it has become to a measure of a country’s economic developed. To build a country must be constantly using new equipment to achieve the goal of the constructions as to achieve economic, safe and reliable goal.The construction of the machine tool industry began from the seventy’s, has experienced four hundred and fifty years of effort, finally formed their own products. Machine in our country has been in the fierce global competition in the fight for a crowd, in the world machine tools must be on the highest peak of position.Make the machine tool industry research technology M&A and innovation of financial evaluation. On the relevant theoretical basis of mergers and acquisitions and innovation research, analyzes the current situation of China’s machine tool industry technical, motivations and characteristics. And put forward to the technology acquisition machine tool innovation barriers is China’s machine tool industry to obtain the best way to technological breakthroughs. Respectively expounds perspective based on M&A of enterprises independent innovation path, three stage theory of innovation ability and promote our country enterprise independent innovation ability with technology M&A.Ten machine tool industry listed companies for the case analysis, and the after technology M&A the financial indicators of the T test and nonparametric test and verify the financial index is changed significantly after technology mergers and acquisitions, financial analysis of the results.