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© 2019

Chinese M&As in Germany

An Integration Oriented and Value Enhancing Story

Book

Part of the Management for Professionals book series (MANAGPROF)

Table of contents

  1. Front Matter
    Pages i-xxiii
  2. Part I

    1. Front Matter
      Pages 1-2
    2. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 3-5
    3. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 7-12
    4. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 13-14
    5. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 15-16
  3. Part II

    1. Front Matter
      Pages 17-17
    2. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 45-71
    3. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 73-91
  4. Expert Interviews

    1. Front Matter
      Pages 93-93
    2. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 107-111
  5. Part IV

    1. Front Matter
      Pages 113-113
    2. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 115-124
    3. Jan Y. Yang, Lei Chen, Zheng Tang
      Pages 125-127
  6. Back Matter
    Pages 129-129

About this book

Introduction

Chinese companies have been increasingly active in outbound investment in recent years, with Germany the third largest destination in Europe. Adopting an analytical approach and utilizing case studies and expert interviews, this book examines Chinese mergers and acquisitions (M&As) in Germany, with a focus on the companies’ business growth, particularly the integration process and subsequent growth after acquisition.

The authors contend that Chinese investors take a different approach than their western counterparts, by fostering a long-term orientation toward their investments and placing greater emphasis on co-evolution with the acquired firms rather than transfer of knowledge back to China.

This book offers readers a behind-the-scenes story of three separate M&A cases, shedding light on the growth models that ensue from mergers and acquisitions, and the endeavors of Chinese and German managers to grow the businesses together.


Keywords

Chinese foreign investment strategy German company acquisitions by China China's M&A activity in Europe State-owned chinese enterprises in Europe M&A environment in Germany Cross-border M&A integration Case study on ShangGong Europe Merger of Joyson Electronics and Preh Case study on CIMC and Ziegler merger

Authors and affiliations

  1. 1.Simon-Kucher & PartnersStrategy & Marketing ConsultantsCologneGermany
  2. 2.Shaangu Europa Forschung und Entwicklung GmbHFrankfurt am MainGermany
  3. 3.China International Investment Promotion Agency (Germany)Frankfurt am MainGermany

About the authors

Jan Yang oversees business development and project delivery related to the China business at Simon-Kucher & Partners (Germany), and is also the Managing Director of the firm’s Shanghai Office. Before joining the firm, he earned his MBA degree from WHU - Otto Beisheim School of Management in Germany. 

Lei Chen is Chief Strategy & Investment Officer at Shaangu Europa Forschung und Entwicklung GmbH (Germany) - the R&D division of ShaanGu (China). Chen Lei worked for leading consultancies, such as Simon-Kucher and KPMG, before moving into the industry. He is an expert in top-line growth and cross-border M&As.

Zheng Tang is Deputy Director at China International Investment Promotion Agency (Germany). He used to serve in the commerce department of the Chinese General Consulate in Frankfurt, Germany, before assuming a position at China International Investment Promotion Agency. He is an expert in bilateral trade and investment between China and Germany.

Bibliographic information