subject: Why The Core Team Italy Cut 30 Million Shares Since The New Cifa [print this page] Zhan pure new management team with the CIFA
Zoomlion Acquisition of CIFA's wonderful stories still continue: Zoomlion (000 157) announced on the evening of 6, CIFA's senior management team of five Italian personal investment 3.1 million euros, the new shares after the acquisition of CIFA, cash was the end of June all credited into account. The five executives, including (former) CIFA, chairman of Ferrari (MaurizioFerrari), CEO Mark (Stefano Marcon) and market Marketing Director, production and R & D Director and tunnels and infrastructure business unit director. It is learned that CIFA as the original seller - Magenta Foundation also funds the main partner Mr.EdoardoLanzavecchia 2 million euros, the new shares after the acquisition of CIFA, the relevant procedures are being processed.
In Financial The impact of the economic crisis is still present in Europe, equity returns have been transferred CIFA Italian in the bag, Why this part of the proceeds and their savings together with the pressure box out, they threw into the new company?
Zoomlion may just as expressed in, Zoomlion and CIFA synergistic effect has been gradually revealed that these synergies for the development of CIFA has a stronger power, CIFA's staff has every reason to have confidence in economic recovery When, CIFA will be the fastest growing businesses. The stake is a way to express their faith.
5 days, repeated questioning in the media, Zhan first pure new media, public disclosure and Xiangjie to its overseas acquisitions, "the story behind": a future world Construction Machinery Industry vision of the top five Chinese companies clear and present, people have begun to appreciate and understand the collective stake in Italian CIFA profound meaning behind!
Select target "Six is not" necessary to respect the principles and
Zoomlion September 2008 acquisition of Italy's largest Concrete Machinery Manufacturers CIFA, was started in May of this year operating profit, in June orders for rapid growth, is expected to achieve annual earnings results to exceed expectations. Zoomlion Chan, Chairman and CEO, said net new, as mergers and acquisitions at home and abroad to adhere to the "six non-principle", so far, Zoomlion experienced several mergers and acquisitions, pile all into a good deal. He said he would continue to bring this overseas expansion, to achieve a top five global construction machinery industry's bright future.
According to reports, the joint acquisition of the six principles are: do not meet the enterprise development strategies do not touch; industry outlook will not do not touch; fundamentals bad, stall suck not touch; management team is not bad touch. Domestic mergers and acquisitions, to these four main overseas mergers and acquisitions, plus two: not the same type do not touch, do not meet national interests do not touch. These principles with the principle of necessity, lack of a can of their one-vote veto.
May be due to bias in the overall acquisition, Zoomlion special attention to target corporate management team. If it has a good management team, will integrate smoothly and efficiently. Zhan pure new view, the original management team and staff relations are complex and difficult to predict the impact on staff. If you engage in takeover mode, send the management team stationed, are likely to form up and down dissent, struggle with each other the negative situation. If this business has a good management team, in conjunction to do is to understand the basis of adjustments to achieve the best use of people, will be useful to arrange help stimulate their potential in the appropriate position.
On this basis, pre-merger, the acquired company must give enough respect. Chan Chun-Xin said in the first contact of the acquired company, either to the person in charge or the staff arrived. I will get up, warm greeting. "This kind of courtesy, is necessary to respect each other.
Moreover, respect for each other can not stay on the surface. To really stand each other's company and the employee's point, made a reasonable offer. In 2003, the first time Zoomlion acquisition program Puyuan encounter against each other, they made a serious reflection, that the Union only consider their own interests is unreasonable. Therefore, the acquisition of Hunan Machine tool Factory, in the United issued a total acquisition program, quick success. Subsequently, then Pu Yuan used the experience, the ultimate success.
In fact, in conjunction with the CIFA is not the first to discuss the acquisition of Chinese companies, not the highest bidder. CIFA vendor management team in recognition of joint culture, is one of almost a decisive factor. Because of seller and CIFA's management team, would like to CIFA to find a good assignment, it can be sold to a rapid development to achieve sustainable development and even objects. They spotted a large number of buyers of Zoomlion, Zoomlion to lead them achieve their goal, which is the most sincere respect for them.
Why The Core Team Italy Cut 30 Million Shares Since The New Cifa
