Nowadays, under the background of global economic integration, the internationalization of enterprises has become the inevitable development of enterprises. Overseas mergers and acquisitions have become one of the important ways to win this "war" of globalization.
In recent years, China's medical device enterprises have entered the fast-track of development. Domestic brands have grown steadily. After some mergers and acquisitions in China, probably starting from 2008, China's medical machinery industry began to enter the international market for mergers and acquisitions, followed by 2012. In the second half of the year, domestic medical device companies entered the international market in a big way, and the overseas mergers and acquisitions in the medical machinery industry set off the first wave of climax.
1. Status of overseas mergers and acquisitions of domestic Medical Equipment enterprises
Top Ten Cases of Chinese Medical Device Overseas M&A:
1. In May 2008, Mindray Medical acquired US$202 million to acquire Datascope Corporation of the United States.
2. In December 2010, Natong Medical Group acquired Finnish Inion Company
3. In 2011, China Resources Medical acquired US Aurora Company for US$100 million.
4. In April 2011, Neusoft Group acquired US$1.777 million to acquire 30.77% of the shares of Israel Aerotel.
5. In November 2011, Lepu Medical acquired Dutch Comed Company.
6, Jinjiang Electronics 80 million yuan to buy the United States Cardima company
7. Fosun Pharma's US$240 million acquisition of 95.6% of Israel's Alma Lasers
8. In June 2013, Mindray Medical acquired US$105 million to acquire Zonare Corporation of the United States.
9. In June 2013, MicroPort Medical received US$290 million for Wright Medical.
10. In September 2013, Mindray Medical acquired Australia's distributor Ulco Medical Co., Ltd.
Since the second half of 2012, China's medical device companies have continuously entered overseas mergers and acquisitions, and the amount of mergers and acquisitions has reached new highs, and there is still much room for development from the trend. The above ten cases can be said to be a microcosm of overseas M&A of medical device companies in China in the past few years. It reflects the strong signal that domestic medical device industry companies strive to be internationalized and diversified, go abroad and go global.
Domestic medical machinery enterprises go abroad, conduct overseas mergers and acquisitions, and there is a climax of mergers and acquisitions, which depends on many reasons. From the domestic situation, China's medical device industry enterprises are numerous, covering most of the direction, especially in the middle and low-end industrial chain, the competition is fierce; the relatively loose overseas M&A policy, abundant cash reserves and The rise of private enterprises in China has made a large number of domestic companies keen to learn technology and experience abroad, and to achieve global expansion. From a global perspective, China's increasing international influence has made many developed country sellers aware of the importance of cooperation with Chinese companies. In addition, the wave of financial crisis in the world and the continued downturn in the global economy have also provided Chinese companies with an opportunity for overseas mergers and acquisitions.
2. Trends in overseas mergers and acquisitions of domestic medical machinery enterprises
At present, overseas mergers and acquisitions of domestic medical device companies are in a rising period, and the number of M&A cases continues to grow, and the amount of M&A continues to rise. However, the integration of overseas mergers and acquisitions of domestic medical equipment enterprises after mergers and acquisitions, especially the international management experience and dealing with cultural differences, is currently a difficult problem. According to research and analysis, the wave of cultural differences has caused some domestic medical machinery companies to hesitate on overseas mergers and acquisitions; many companies that have decided to implement mergers and acquisitions have difficulty in achieving the integration effect.
At present, with the continuous growth of China's economic strength, the gradual recovery of the world economy, and the continuous introduction of national top-level strategic design and favorable policies for international mergers and acquisitions, the future of China's medical device companies will face new situations and new changes, which will inevitably Reflecting new trends.
Trend 1: Top-level development strategy to promote overseas mergers and acquisitions
This year, China has gradually announced the national top-level development strategy, the gradual improvement of the “Belt and Road†and the preparations for the “AIIB†have greatly stimulated the enthusiasm of overseas mergers and acquisitions of Chinese enterprises, and helped large-scale private enterprises to actively carry out overseas distribution and overseas. Mergers and acquisitions, especially in domestic medical device companies that are in a rapid rise.
"All the way" will connect the continents of Asia and Africa, and the "Asian Investment Bank" will closely link most economies. The domestic medical machinery industry can use the policy dividends and economic and trade exchanges and mutual trust understanding brought about by these two major strategies to pave the way for the overseas market of domestic medical equipment companies to explore the international market in terms of policy, communication and culture.
At present, the State Council, the National Development and Reform Commission, the Ministry of Commerce and the State Administration of Foreign Exchange have separately issued relevant policies to simplify foreign exchange management of overseas mergers and acquisitions, and substantially relax the government approval authority for overseas mergers and acquisitions. This means that overseas mergers and acquisitions of domestic medical device companies will usher in another climax.
Trend 2: Changes in overseas mergers and acquisitions
As China's internationalization process continues to deepen, Chinese companies seek to seek new profit growth points, occupy new markets and become global leaders through overseas mergers and acquisitions.
At present, domestic medical device companies not only hope to achieve new profit growth points and new market excavations through overseas mergers and acquisitions, but also hope to achieve more technological transformation and management level through overseas mergers and acquisitions. Through the mergers and acquisitions of the past few years, domestic medical equipment companies have gradually caught up with technology and become the world's top, and at the same time, they have made great progress in management. The next step is to seize the market segment and further deepen globalization.
In this way, domestic medical device companies will reflect a new trend in overseas mergers and acquisitions: mergers and acquisitions in sub-sectors intensify, and the spread of globalization.
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