Machinery: global manufacturing in China
The acquisition from Zoomlion Teleikesi (Terex) about the offer
In December 2015 China construction machinery giants - ZOOMLION offer Teleikesi (Terex), but the recent announcement of the termination of the acquisition, the main reason is the failure to reach agreement on the price. In addition, the recent China appliance industry giant Midea Group announced the acquisition offer KUKA robot (KUKA). Midea Group intends through wholly-owned subsidiary company of MECCA in cash offer a comprehensive KUKA group shares, the offer price of 115 euros per share, the total purchase price of about 29 billion 200 million yuan, the United States currently holds about 13.51% shares of KUKA group, if KUKA group except MECCA all other shareholders to accept the offer, the acquisition is complete the United States after the shareholding ratio will reach more than 30%.
China's international M & A has surged, and a new era of "technology globalization" is coming.
In the last 3 years, the international merger and acquisition of Chinese manufacturing enterprises has been increasing year by year, and the listed enterprises are "the main force". It is worth noting that the industry field of international mergers and acquisitions is mainly concentrated in the new growth areas, such as high-speed rail equipment, intelligent manufacturing, robotics and core components, aviation equipment, etc., and the era of "technological globalization" is coming quietly.
International mergers and acquisitions are conducive to upgrading and transformation, which is of great significance or drive the "overtaking of the curve".
We believe that the trend of international mergers and acquisitions made in China will continue to rise, and the core logic is the globalization of technology research and development and the localization of the two development. This may be the most suitable technology innovation model in China in the next 10 years. International mergers and acquisitions will help manufacturing enterprises to quickly complete technological research and development, and provide deep opportunities for research and development, so that it is possible to help Chinese high-end manufacturing achieve "corner overtaking" in the world, especially in some emerging manufacturing areas, such as the intelligent robot industry.
Enlightenment to the two level market: upgrading or transforming the turning point company has an investment opportunity
Over the past 2 months, the mainland, Hongkong and Taiwan roadshow has been asked the most questions: what are the current investment opportunities at low price or to be excavated? From the field survey, the layout of the new industry and the integration of the industry are the source of the value depressions of the manufacturing enterprises. Although the macro environment is not good, many enterprises have begun to focus on the layout of new main businesses, such as new energy, intelligent equipment, civil military integration and other industries, and have paid more attention to the acquisition and integration of new technologies abroad than ever before.
Looking for upgrading and transformation will generate inflection point for growth space. Opportunities for structural investment opportunities in machinery industry are emerging. Upgrading and transformation will take full time and companies will have the most certainty opportunities for performance turning points.
