The Case Study On MD Acquires KK

Throughout the development trend of the world economy today,we can see that economic globalization is becoming an increasingly prominent theme.World trade and international investment join in the global economy system.Under the call of global economic integration,the status of multinational corporations is on the rise.Multinational corporations are influencing the development of world economy through their own overseas investment strategies.After China's reform and opening up,its national power has been continuously raised.In recent years,the development of cross-border investment in China has been fiery.Chinese enterprises are also actively promoting the development of economic globalization and will surely become the core force in the future.Chinese enterprises have gained some experience and achievements in the process of cross-border acquisitions.However,at the same time,many problems are also exposed.To some extent,these problems have hindered the development of cross-border acquisitions by Chinese enterprises and lengthen the time when our country's enterprises become international enterprises.In summary,it is of particular importance to study in depth the process of cross-border acquisition of Chinese enterprises,the problems that have arisen and the solutions to the problems.By understanding the analysis of cross-border acquisitions of Chinese enterprises in recent years,the MD acquisition KK is a typical case.The reason is that MD acquisition KK cases have a great deal of risk,a huge amount of financing,the details of the contract is also worth the reference.The acquisition of KK by MD was a case that China's multinational acquisitions attracted much attention in the past two years and also played an important role in promoting the development of China's domestic robot industry.Both sides of the transaction cases,have a very strong strength,MD is one of the leaders in the continuous improvement of domestic appliances.KK is a German company with a long history and is among the top four robot families.MD aims to the acquisition of KK to achieve their own "smart manufacturing and industrial robot" mode,open up the smart home system,improve the ecological chain capabilities.Through the case study of KK acquired by MD,this paper has obtained the following enlightenment.Scientific selection of financing tools,rational use of hedging instruments,reasonable arrangement of internal governance mechanism,reasonable arrangement of follow-up financing and the importance of cultural differences between different countries.The article makes up of five parts.First of all,it introduces the background of the case and the significance of the research as well as the research status of cross-border acquisition at home and abroad.Second,introduce the theoretical basis of cross-border acquisitions.Then,for both the case and the contract content to make a specific introduction.And,discover the problem of the case and analyze the cause of the problem.Finally,the solution of the problem is proposed.This article uses the event study method and financial analysis,analysis the MD performance before and after the acquisition of KK short-term performance,predict the future of the enterprise long-term development.In the case of cross-border acquisition of KK from MD,it is necessary to find a place worth learning in China's cross-border M&A.We hope to give our country cross-border M&A guidance to guide our enterprises how to better prepare to ensure the smooth progress of M&A,it has important practical significance.