Analysis Of The Synergy Effect Of Geely's Acquisition Of Volvo

Under the wave of globalization of the world economy,economic ties between countries have become closer and closer.With the further transformation and upgrading of China's manufacturing industry and the implementation of the "Belt and Road" initiative,competition in the domestic market has become increasingly fierce and enterprise development has become increasingly restricted.In order to pursue the sustainable development of enterprises and further enhance the competitiveness of enterprises,Chinese enterprises have set their sights on overseas markets.For local enterprises,cross-border mergers and acquisitions have undoubtedly become an important economic means for local enterprises to obtain resources,open overseas markets,and obtain production technology,and also play a positive role in promoting the development of enterprises.Therefore,based on the theory of synergy effects,it is very necessary to analyze the realization and integration effects of enterprises after cross-border mergers and acquisitions.This article mainly takes the synergy effect of Geely merger and acquisition of Volvo as the research object,combines statistical analysis method and case study method,and analyzes the realization and integration effect of synergy effect after cross-border M & A of enterprises based on synergy effect theory.Mergers and acquisitions provide advice for reference.First of all,this article analyzes the related concepts of synergy,and then makes a detailed introduction from the premise,main performance and other aspects of synergy in three aspects of operation,management,and finance,and the correlation between the three synergies A specific analysis was also made,followed by the description of the basis and method of index selection.The selection of judgment indicators for management,management,and financial synergy effects were analyzed separately,laying a theoretical foundation for the subsequent synergy analysis.Secondly,this article analyzes the case of Geely's merger and acquisition of Volvo,introduces the merger and acquisition process and the motivation of the merger and acquisition in detail,and on this basis,elaborate the integration path of Geely's merger and acquisition of Volvo,mainly including human resources Integration,technology integration,cultural integration,external relationship integration,etc.,provide research ideas for the realization of the following synergies and the analysis of the reasons.Finally,this article uses statistical analysis methods to summarize the financial data of Geely Group from 2009 to 2018.Through the calculation and analysis of various financial data,specific analysis was carried out from three aspects: business synergy,managementsynergy,and financial synergy,and the realization and reasons of each synergy after M & A were analyzed.At the same time,the core financial indicator data was used,Describing the change in capabilities before and after mergers and acquisitions from five aspects of profitability,operating costs,debt solvency,operational capabilities and R & D capabilities,and concluded that after corporate mergers and acquisitions,business synergy,management synergy and financial synergy have been obtained Summing up the enlightenment of the case,emphasizing that the integration measures after mergers and acquisitions are of great importance to the generation of synergies,are issues that should always be paid attention to by enterprises before and after mergers and acquisitions.In general,Geely's acquisition of Volvo is a successful merger and acquisition,hoping to provide some reference experience for China's auto industry to conduct cross-border mergers and acquisitions.