Huayi Compressor Barcelona, S.L. was founded in 2013 when Huayi Group (Huayi), a Chinese state-owned enterprise, acquired
Question:
Huayi Compressor Barcelona, S.L. was founded in 2013 when Huayi Group (Huayi), a Chinese state-owned enterprise, acquired Cubigel Compressors, S.A., a bankrupt Spanish industrial enterprise. While labour complications and other difficulties developed during the acquisition process, Huayi successfully managed the transition in May 2013. Despite this initial achievement, challenges related to the recovery of productivity, markets, and profitability continued. In January 2014, the general manager of Huayi Compressor Barcelona, S.L.,
who managed the transition, received a request to return to Huayi headquarters in Sichuan, China. From his Barcelona office, he grew concerned about several challenges:
Who would be the right successor for his position? What strategy did Huayi need to consolidate its internationalization process? What knowledge could he transfer to China for future international strategies?
Fundamentals of Corporate Finance
ISBN: 978-1259722615
9th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus