Analysis On The Synergy Effect Of Joyson Electronics M&A In Takata

Parts as an important part of automobile industry,is the basis of the auto industry development is the most important parts and components industry is strong,the vehicle industry is strong,Germany,Japan and the U.S.auto industry,with its mining is Mr Fu,Bosch,dentsu,Delphi and other international competitiveness,love and trust together outstanding parts enterprises.With the rapid development of China's automobile industry,remarkable achievements have been made in terms of industrial scale and industrial chain coordination.However,at present,the development of Chinese brand auto parts industry still lags behind that of finished vehicles,which needs to face the problem of the lack of key core technologies and the occupation of foreign brands in the core parts market.And domestic auto parts enterprises with international auto parts giant gap between the obvious,China's enterprises want to survive in the market,the fastest way is merger and reorganization,auto parts enterprise merger and reorganization of more urgent than the vehicle,and in the scale,modular,centralization,under the trend of through merger and acquisition,improve the comprehensive market competitiveness,become an important trend for the development of the industry.Therefore,the study on how a large scale component company like joyson electronics achieves synergies through cross-border mergers and acquisitions is not only a typical "anatomy sparrow" problem for Chinese enterprises in cross-border mergers and acquisitions,but also has important reference significance and practical value.This article explores the synergy effect of this acquisition by studying the case of Joyson Electronics' acquisition of Takata.This article first introduces the research background and significance of the thesis,briefly describes the current status of Chinese auto parts companies,reviews and collates the research literature on the synergies of mergers and acquisitions by scholars at home and abroad,and puts forward research ideas and methods.Second,This article outlines the concepts and types of cross-border mergers and acquisitions,and proposes synergy effects theory and methods for evaluating synergy effects.Again,this merger and acquisition case is introduced,including an overview of the company,the process of mergers and acquisitions,and the motivation for mergers and acquisitions.The financial index method,non-financial index method,and event research method analyze the business synergy,management synergy,and financial synergy of the event to determine the success of the merger;finally,draw conclusions and relevant enlightenments.Through the above research,this paper believes that the transnational acquisition of takata by gunson electronics is successful,although there are some shortcomings.After acquiring takata's main assets other than PSAN,gunson successfully entered the more closed Japanese market and won orders from takata,which significantly increased the company's operating revenue and promoted it to the world's second largest supplier of automotive safety products.In mergers and acquisitions in those days the business indicators also has the obvious ascension,although these two years as the global economic slowdown,the economy downward pressure increase,lead to the global auto market sales decline,coupled with the influence of gm North America strike in upstream doomed auto parts enterprises,makes all-electronic business indicators appear a certain decline,but this paper argues that this was caused by external environment deterioration,sin is not war.End,we think,as will be coronavirus outbreak,with the speeding up of the return to work and production schedule,due to the outbreak of the strengthening of independent space requirements,since the second half of 2020,the overall environment for the development of China's auto industry will continue to improve,both win will constantly accelerate the integration of the electronics and across the company,its business indicators will be improved significantly,reference value for other Chinese enterprises transnational mergers and acquisitions will become more prominent,therefore this article through in-depth study were takada sheng electronic m&a one after that,a successful merger and acquisition depends on the following factors: the improvement method of payment,reduce the risk of payment;Attaching importance to prospective investigation and clarifying strategic objectives;Pay attention to the integration of risk,comprehensive integration.