| Summary: | 碩士 === 國立交通大學 === 管理學院高階主管管理碩士學程 === 94 === This thesis, based on the case study of Yageo's acquisition of Philips passive component Division, to evaluate the synergy effect on Yageo's sales growth and marked position enhancement. Yageo has successfully developed MLCC Base Mental Electrode technology through this acquisition. With ex-Philips’ customer base and sales channel. Yageo has upgraded itself from regional component supplier to be one of the global market leader in passive component industry. The acquisition facilitates Yageo’s continuous growth and makes its compound Averaged Growth Rate from 1997 to 2004, higher than local industry average, and much higher than major Japanese rivals.
Acquisition, to be adopted as corporate fast growing strategy, has its speed and positive synergy. However, some acquisitions consumes huge amount of cash resource, such as 650 million Euros in Yageo case, and multinational acquisition also involves different management philosophy, operational systems and corporate cultures. All will take tremendous time, experiences and management efforts to overcome and integrate the difference. This thesis, also through post acquisition (2000~2004) analysis to evaluate its impact on Yageo financial structure and overall performance. At last we analyze the cost benefit of this acquisition to compare with local major competitor who pursue growth with different strategy.
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