Research On Value Creation Of Continuous Mergers And Acquisitions In Yingfeng Environment Under The Background Of Strategic Transformation

With the economic development stage of my country’s economy,many traditional enterprises cannot adapt to the development of the industry,and there are problems such as insufficient competitiveness and backward business models.In order to solve the current dilemma,a group of enterprises have begun to seek strategic transformation.In the context of favorable mergers and acquisitions policies and active mergers and acquisitions markets,the adopting continuous mergers and acquisitions methods are undoubtedly an effective way to quickly realize corporate strategic transformation.However,not all sequential M&As create value for firms,and some of them even damage corporate value.Therefore,it is crucial for companies to study whether sequential M&A can create value for them and to analyze the value creation path of sequential M&A.As a typical enterprise of a traditional industry,Yingfeng Environment actively takes strategic guidance,and has become a leading enterprise in the field of sanitation equipment through continuous mergers and acquisitions.Its growth path is typical and reference.Therefore,this article selects the continuous mergers and acquisitions of Yingfeng Environment from 2015-2018 as the research object,and analyzes the inherent logic and practical effects of continuous mergers and acquisitions value creation.First of all,the relevant documents of strategic transformation,continuous mergers and acquisitions,and value creation have been comprehensively compiled,and the theories related to it are discussed from a basic perspective.Whether the timing and conditions of the transformation are complete,and analyze whether the preparation,transactions and integration activities of the continuous mergers and acquisitions of Yingfeng Environment are valid,and summarize the path of continuous mergers and acquisitions.Whether the continuous mergers and acquisitions have had a positive impact on the enterprise and analyzed the factors that had positive impacts;from it,they were able to provide a reference for the continuous mergers and acquisitions of other traditional enterprises’ strategic transformation.The study found that the Yingfeng Environment has implemented a strategic transformation without the time and conditions of the time and conditions.Through the full preparation,reasonable transactions and effective integration in continuous mergers and acquisitions,it has brought value creation to enterprises.The EVA,which is mainly reflected in the continuous mergers and acquisitions of Yingfeng Environment,shows an upward trend as a whole,achieving the strategic goals of business transformation,product upgrade,and perfect industrial chain.This is the following inspiration: When the enterprise is in the predicament,the company can choose mergers and acquisitions,formulate scientific mergers and acquisitions strategies,reasonably select mergers and acquisitions,comprehensive multidimensional integration,and coordinated internal and external development to achieve the transformation and upgrading of the enterprise.