After the reform and opening up,construction of infrastructure in China increased fast.Benefiting from this condition,engineering machinery industry in China has also achieved great progress.In the meantime,a batch of successful enterprises in the field of engineer machinery appeared.These enterprises can’t only do well in the inland market,but also compete in the international market.The economic crisis had big impact on the engineer machinery industry all over the world.The economic crisis also created a big opportunity for the engineer machinery industry in China.After 2009,the infrastructure and real estate industry got sustaining investment.Because of this,the engineer machinery enterprises in China got continuous orders and the scale of the industry also got bigger and bigger.To 2016,the scale of engineer machinery in China has got to 500 billion dollars,ranking second in the output value and first in sale in the world.In the condition,many enterprises began to change their attention to the international market and merger some enterprises up the creek with good aptitude.As more and more cases of overseas M&A happened,enterprises naturally focused mainly on how performance of overseas M&A became.The article will take the case of Weichai Power’s merger and acquisition with Linde Hydraulics as example and study how the merger affect the market performance and finance performance.I hope the article can offer good experience on merger and acquisition to other enterprises in the industry.The article will combine the theory with case to conclude merger,acquisition,performance of merger and acquisition.And the article will not only introduce the current condition of study about merger and acquisition inland and abroad,but also the related theory about merger and acquisition.At first,the article will tell the details about the case of Weichai Power’s merger with Linde Hydraulics.Then the article will analyze the market and finance performance of the case to make a conclusion about the case.In the process of writing,the paper obtains a large amount of data and indicators by referring to the financial statements of Weichai Power in the past calendar year and using Wind database,and calculates the market performance,financial performance and EVA performance of Weichai Power.The conclusion is that the performance ofmerger and acquisition is good. |