Weichai actively implemented a series of cross-border mergers and acquisitions to achieve industrial chain extension 

After the global financial crisis in 2008, this is a challenge and an opportunity, and the state-owned Weifang seized this opportunity, the company through a series of cross-border mergers and acquisitions, the successful implementation of the technology and the extension of industrial chain.

At present, China enterprises are very keen on overseas mergers and acquisitions, and Weichai enterprises is undoubtedly very experienced.

Weifang launched a series of cross-border mergers and acquisitions in 2008 after the acquisition of overseas Baldwin worked out management, overseas enterprises and employees, the acquisition of Italy Ferretti is involved in high-end consumer industry, the adjustment of industrial structure. Linde is restructuring the ranks of the world's top hydraulic technology step into, and the majority of enterprises overseas mergers and acquisitions Chinese only for the expansion of production capacity and market, Weifang every merger in the extension of industrial chain.

Chinese enterprises in 2016 overseas acquisitions total expected to reach $150 billion, an increase of 3 compared to last year, 5, but some studies pointed out that China's going out of enterprises only thirteen percent, profitable considerable. There is a risk of overseas mergers and acquisitions, and Weifang experience is the cultural integration and enterprise cooperation.

"Our acquisition and restructuring of these enterprises, there are cultural issues, coordination issues, team capacity issues, we have to constantly explore, overseas management team is very important." Tan Xuguang said.

Weichai for technology capital in advanced countries, in the market for technology in the mainland, in countries with backward technology, through the market in exchange for profits, the formation of international synergy, the strategic development mode has the enlightenment significance to believe to go out of the Chinese enterprise.

Tan Xuguang said: after the three step, brand globalization, high technology, industrial diversification, Weifang is not a simple engine company, is related with the engine of a diversified industrial group.