Overseas M&A Pursuing Technological Leadership is the Strategy for the Development of Drying Equipment

In recent years, the development of drying equipment in China can be described by leaps and bounds. Some drying equipment companies also vowed to sprint the world's top five drying equipment industry goals. 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.

According to industry sources, if the M&A operation is likened to the “D-Nordic 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.

Although it is still too early to summarize the successful experience of cross-border mergers and acquisitions by Chinese drying equipment companies, it is still possible to find some common features that can be used for reference in the above series of mergers and acquisitions. Dalian drying equipment and many of China's drying equipment companies are heavyweight companies in China's drying equipment industry. Their strategic goals are to enter the ranks of the world's drying equipment giants - Dalian drying equipment claims to create "China." Drying equipment aircraft carrier" ranks among the world's leading manufacturers of drying equipment.

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.

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