In recent years, the development of drying equipment in China has progressed by leaps and bounds. Some drying equipment companies have established themselves as the top five targets for the drying equipment industry in the world. Therefore, seeking technological advancement through overseas mergers and acquisitions is an inevitable choice for the company's long-term development strategy.
According to industry sources, if the M&A operation is likened to the “D-Nordic Landing†of many drying equipment companies in the European market, then the success of the merger is only to occupy the beachhead. Whether or not we can further expand our achievements and achieve our goal in depth depends on whether we can manage the newly formed company well and develop it quickly. This is another severe test for many drying equipment companies in China.
From the perspective of foreign companies that have been acquired by Chinese companies, they have certain advantages in terms of products, technology, and brands. The people in the industry have had a profound understanding of the difficulties that they face after the merger and acquisition. Fortunately, prior to the acquisition of foreign drying equipment companies, domestic drying equipment companies have had 20 years of technical cooperation experience with them, and both sides have established a good basis for mutual trust.
Therefore, overseas mergers and acquisitions, China's drying equipment companies must weigh their own strengths, better serve the company's long-term strategy, but also to accelerate the pace of mergers and acquisitions combined with policy advantages.
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