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In recent years, the development of drying equipment in China has progressed by leaps and bounds. Some drying equipment companies have established themselves as the top five targets for the drying equipment industry in the world. Therefore, seeking technological advancement through overseas mergers and acquisitions is an inevitable choice for the company's long-term development strategy.
From the perspective of foreign companies that have been acquired by Chinese companies, they have certain advantages in terms of products, technology, and brands. The people in the industry have had a deep understanding of the difficulties that they face after the merger and acquisition. Fortunately, prior to the acquisition of foreign drying equipment companies, domestic drying equipment companies have had 20 years of technical cooperation experience with them, and both sides have established a good basis for mutual trust.
Therefore, overseas mergers and acquisitions, China's drying equipment companies must weigh their own strengths and better serve the company's long-term strategy, but also combined with policy advantages to accelerate the pace of mergers and acquisitions.
Since the 1990s, some well-known foreign heavy-duty manufacturers have changed their doors. In particular, the German drying equipment manufacturing industry, once rated as the world leader, has been declining due to the long-term recession of the world's drying equipment market.
The competitive pattern of the world's drying equipment manufacturing industry is changing, mainly reflected in the high concentration of manufacturers, the gap in the level of product technology is getting smaller and smaller, the individual needs of users are outstanding, and the market demand is developed from the quantity demand to the quality demand. Technical requirements for drying equipment products are higher.
With the change of market demand, the domestic drying equipment industry has been broken through competition, and the number of manufacturers has grown from a few companies to dozens of manufacturers, and the level of product technology has developed rapidly. Compared with foreign products, the gap has become more and more. Small, the development of China's drying equipment industry has been highly valued by the world's peers.
The needs of the country and the market are the cornerstones of innovation for drying equipment companies. Drying equipment manufacturing companies must conform to the industry development pattern, identify new positioning, and constantly improve their competitiveness in competition with foreign manufacturers.
According to industry sources, if the M&A operation is likened to the “D-Norman Landing†of many drying equipment companies in the European market, then the success of the merger is only to occupy the beachhead. Whether or not we can further expand our achievements and achieve our goal in depth depends on whether we can manage the newly formed company well and develop it quickly. This is also another severe test for many drying equipment companies in China.