Research On Method Of Technology M&A Target Selection Based On Patent Perspective

With the rise of emerging industries,market integration has been further strengthened,and technology has become a core factor for an enterprise and a country to establish a foothold in the industry.In order to gain a leading position in the field of technology,enterprises have changed from relying on independent internal R&D to relying on external resources to obtain technical support and independent R&D two-way development.In other words,through technical cooperation,technology merger and acquisition to achieve complementary advantages of technology and strong alliance,to help their enterprises and enterprises to enhance their technological innovation capabilities,forming technical barriers.Therefore,technology M&A are an important way for enterprises to achieve leapfrog development in the field of technology.The direct purpose of technology M&A is to consolidate the company's own technical barriers,expand the technical research field,and achieve the leading position of the enterprises in the industry.At the same time,it can minimize the difficulty of integration in the later stage of M&A,and realize the development of mutual integration and mutual promotion.Therefore,in the early stage of M&A,choosing the appropriate M&A target is the premise of realizing the purpose of mergers and acquisitions.This paper focuses on the technology-related analysis model of target enterprise selection based on patent information,and analyzes the main factors affecting technology M&A,and constructs the measurement methods of main factors.The research work of this paper mainly includes:(1)Researching literatures on technology M&A,technology relevance,industrial technology chain.Summarizing the influencing factors and indicators of technology relevance,focus on the existing achievements of technology similarity and technology complementarity of two factors of technology relevance,and analyzing the deficiencies;(2)Building a technology-related analysis model selected by the technology M&A target enterprise,innovatively introduce the time factors and R&D focus of the main mergers and acquisitions,and constructing a technical similarity measurement method in the technology M&A field.Combining text mining with industrial technology chain,and constructing technology complementarity measurement method based on the weak link of industry chain;(3)Selecting the new energy vehicles in the emerging industry as the research report,selecting the main merger and acquisition party and target enterprise group,and analyzing their technology correlation degree,so as to provide reference for enterprise technology M&A strategy.This paper chooses Beijing New Energy Automobile Co.,Ltd.as the research object of the M&A party,and takes the core field of new energy vehicle power battery as the technical research scope,and analyzes the technical similarity and technology complementarity of the target group.The results show that Weilai Technological Automobile Co.,Ltd.,Zhejiang Leading Technology Co.,Ltd.and Zhejiang Zhonghe New Energy Automobile Co.,Ltd.are the best technology acquisition target enterprises.