Motivation And Performance Analysis Of Apex Cross-border Acquisition Of Lexmark

With the capital market becoming increasingly active,the Chinese government has also issued a series of new policies since 2015 to encourage companies to “go global”.Therefore,cross-border mergers and acquisitions have become the new darling of enterprises to cope with the complex and changing economic situation and market environment,and have achieved great growth in both the number and scale of transactions.Looking at the M&A market in recent years,more and more enterprises have acquired new development opportunities through M&A,and used new resources to consolidate existing positions and even open new markets to achieve success.In the printer manufacturing industry,due to its high importance in the field of information security,and the current domestic market share of domestic brands in the printer market is still small,it is imperative for the printer industry to expand its business to overseas markets.This article selects Apex’s cross-border merger and acquisition of Lexmark as the research object.Apex Technology Co.,Ltd.,as a leading company in the private printing industry in China,has continuously increased the scale of its business since listing and has increased its presence in the printing industry.Rate,and cross-border mergers and acquisitions play a pivotal role as one of the ways to achieve its strategy.This article first analyzes the development trend and current situation of corporate mergers and acquisitions based on the actual situation of the printing industry.Based on the theoretical research of cross-border mergers and acquisitions,it sorts out and summarizes the theory of the motivation and performance of mergers and acquisitions,and combines the operations of the acquirer and the acquiree.The situation analyzes the motivation of mergers and acquisitions,and introduces the steps and integration measures of mergers and acquisitions in detail.The event analysis method is used to analyze the stock price changes before and after the merger and acquisition,and strive to analyze the impact of mergers and acquisitions on the company from a short-term perspective.Compare and analyze the performance before and after the cross-border merger and acquisition of Lexmark,and analyze whether the merger has a positive impact on the long-term performance of Apex from the four aspects of profitability,solvency,operating ability,and growth ability;finally,combined with print The current status of the industry,summing up the successful experience and enlightenment of this merger and acquisition,and hope to provide some enlightenment and reference for transnational mergers and acquisitions of Chinese private enterprises in the future.Based on the above analysis,the paper draws the following conclusions:1.The motivation for Apex’s acquisition of Lexmark is to achieve synergy through mergers and acquisitions under market competition conditions,and obtain advanced technology and transnational resources to achieve the purpose of "globalization."2.In terms of M&A performance,the short-term market response of this M&A activity is positive,and in the long term,Lexmark’s technological advantages have greatly improved Apex’s overall technology level,driving the company’s printing business revenue and gross profit margin.Double lift.3.The success of this merger and acquisition mainly comes from the consistency of the merger and acquisition intentions of the two parties and the similarity of the business.Printer companies should fully consider the industry characteristics and their own needs when formulating the merger and acquisition strategy.