Analysis on Characteristics, Motivations and Opportunities of Multinational Mergers and Acquisitions of Chinese Equipment Manufacturing Industry

摘要

As a national strategic support industry, multinational mergers and acquisitions (MAs) activities of equipment manufacturing industry deserve a special academic research. This paper uses 211 samples to analyze the characteristics, motivations and opportunities of multinational M&As by Chinese equipment manufacturing enterprises. The characteristics are as follows: 1. PE has become an important partner for multinational acquisitions by equipment manufacturing enterprises; 2. after 2013, multinational M&As in Israel, Korea, and Singapore began to become active; 3. multinational MAs activities in the medical device industry have developed rapidly. As for the motivation of MAs, international innovation resources are the most important factor driving Chinese equipment manufacturing enterprises' multinational mergers and acquisitions. In the future, with the active cooperation of domestic "One Belt and One Road" and "supply-side reform" strategies, Chinese equipment manufacturing industry will usher in more opportunities.