The expansion of the hottest equipment manufacturi

The expansion of equipment manufacturing industry leads the overseas mergers and acquisitions of China's manufacturing industry

the expansion of equipment manufacturing industry leads the overseas mergers and acquisitions of China's manufacturing industry

China Construction machinery information

Guide: on December 14, Deloitte released the latest report "new stage of overseas expansion of China's equipment manufacturing industry", which pointed out that the overseas expansion of China's manufacturing industry has entered a new stage led by the equipment manufacturing industry. In the first three quarters of 2012, the amount of overseas mergers and acquisitions of Chinese equipment manufacturing enterprises accounted for

on December 14, Deloitte released the latest report "new stage of overseas expansion of China's equipment manufacturing industry", which pointed out that the overseas expansion of China's manufacturing industry has entered a new stage led by the equipment manufacturing industry. In the first three quarters of 2012, the amount of overseas M & A transactions of Chinese equipment manufacturing enterprises accounted for 45% of the total overseas M & A transactions of Chinese manufacturing industry, and overseas M & A has become the main way for the overseas expansion of China's equipment manufacturing industry since the global financial crisis. The sponsors of M & A have also expanded from being dominated by large state-owned enterprises to the active participation of more leading private equipment manufacturing enterprises

"China's equipment manufacturing industry has benefited from the acceleration of China's urbanization process and the continuous and rapid rise of fixed asset investment, showing an explosive growth trend in the past three years." Ms. Yang Ying, CO leader of Deloitte China manufacturing group, said. According to the National Bureau of statistics, the main business income of China's machinery and equipment industry was 10 trillion yuan in 2008. By 2011, the main business income of the industry reached 21 trillion yuan, with a compound annual growth rate of nearly 30%. However, since 2011, the global economic downturn has intensified, China's economic growth has slowed down, and the sharp reduction in market demand has led to a significant decline in the performance of the entire industry, and 2012 has entered a bottoming period. At the same time, the extensional growth mode can not cover up the weakness of powder production and plastic knitting industry while China's equipment manufacturing industry lacks core technology and low independent innovation ability. China's equipment manufacturing industry has entered a critical period of industrial transformation and upgrading. Many enterprises have tried to obtain technological upgrading through overseas acquisitions

Yang Ying said that the export of China's manufacturing industry used to be mainly small commodities and textile products, but since 2000, the export proportion of machinery and transportation equipment has increased rapidly and significantly exceeded that of textile products. By the end of 2011, the number of words that have been effective was about 200, accounting for 47% of China's total export, which witnessed the trend of China's export to high value-added products with the growth and maturity of China's economy. The financial crisis undoubtedly provides a rare opportunity for overseas mergers and acquisitions, but it is also a rational choice for Chinese manufacturing enterprises to achieve industrial upgrading

"private equity funds actively participate in the energy efficiency improvement of Electromechanical, boiler, distribution transformer and other equipment and large-scale overseas M & A transactions in the equipment manufacturing industry." The partner of Deloitte China M & a transaction service is also the insulation material with excellent cost performance in the external wall insulation system. Cao Wenzheng pointed out that in the initial stage of overseas acquisitions of Chinese enterprises, the transaction participants are dominated by state-owned enterprises and basically adopt the pure cash acquisition mode. Since 2008, private equity investment funds have also actively participated in overseas mergers and acquisitions of Chinese enterprises as acquirers, resulting in a number of large-scale transactions. In addition to the financial support, private equity investment funds also provide professional advice to enterprises or help enterprises communicate with each other, so as to make up for the deficiencies of Chinese enterprises in terms of unfamiliar laws and regulations and acclimatized culture in overseas mergers and acquisitions. Overseas acquisitions of equipment manufacturing industry will become one of the focuses of China's cross-border mergers and acquisitions in the next few years, and private equity investment funds will be an important partner of industrial capital for overseas acquisitions