中国企业跨国并购分析——以联想并购摩托罗拉为例

Analysis on Cross-border M&A of Chinese Enterprises--Take Lenovo’s Acquisition of Motorola as an Example

在当下经济全球化的潮流中,跨国并购已然成为国际资本投资的主导形式,也是现代企业实现国际化战略的重要途径。企业通过跨国并购的方式获取先进技术及管理经验、进军国际市场、提升自身实力,提高企业的综合竞争力。但是跨国并购的成功率并不高,且中国企业在海外并购中存在诸多潜在的风险因素,以联想集团跨国并购摩托罗拉移动为例,本次并购绩效反映欠佳,另外也存在较多并购交易并未取得理想经济效应的情况。

In the current trend of economic globalization,cross-border mergers and acquisitions have become the dominant form of international capital investment and an important way for modern enterprises to achieve internationalization strategies.Enterprises obtain advanced technology and management experience through cross-border mergers and acquisitions,enter the international market,enhance their own strength,and improve their comprehensive competitiveness.However,the success rate of cross-border mergers and acquisitions is not high,and Chinese companies have many potential risk factors in overseas mergers and acquisitions.Taking Lenovo Group’s cross-border acquisition of Motorola Mobile as an example,the performance of this acquisition is not well reflected,and there are also many M&A transactions that have not achieved the desired economic effect.