企业的发展和进步需要多元化的方式予以支撑，其中横向并购就是助力企业顺利扩张基本方式。与此同时，横向并购无论是在企业各种优质资源的获取上还是在企业核心能力以及品牌竞争力提升的过程当中都扮演着至关重要的角色。对于企业而言，借助于横向并购活动能够为1+1>2的协同目标的达成创造更多的契机。继彩生活正式在香港主板独立上市至今，很多的物业服务企业也都积极的投入到横向并购扩张活动之中。但是行业内部此前对于这种扩张方式的关注程度并不高，学者们在这一个领域的研究尚不十分的丰富，为此针对于横向并购行为的规范性、系统化研究应该成为一项战略性的目标。在本文的思考和探究过程专门选择了A公司横向并购扩张这一个案例为具体的研究对象，在协同效应理论、效率理论以及企业横向并购理论等多元化理论的支撑之下开展了相关研究，并且综合应用比较分析方法以及文献研究方法等多元化的论文研究方法针对A公司横向并购开展了多维度的评价和分析；在文章研究的最后对横向并购的基本动因以及所取得的经济效应开展了探索，同时从资源整合的价值创造维度进行全面的研究，从财务指标领域对经营效果的态势进行分析。通过本文的研究主要可以得出如下结论：第一，A公司在横向并购的过程当中协同效应随之出现。第二，对于A公司而言，通过横向并购活动的推动实施提升了资本市场的综合影响力。第三，A公司所实施的横向并购活动让其自身的资源整合能力得到了根本的提升。本文以A公司为对象开展了横向并购的研究探讨，得出了如下三个主要结论：首先，要让协同效应得到全面的彰显，要让主营业务得到全面的聚焦。以主营业务的具体实施和管理为目标的横向并购，通过这种方式也可以从根本上规避管理失控的风险。其次，要下大力度实现融资渠道的拓展和延伸，让财务结构得到全面的改观和优化。股东权益追加以及上市融资等都是帮助企业调整财务结构最关键的方式方法。最后，要积极推动企业内部资源的全面整合和汇聚，投后管理工作更应该引起高度的关注和重视。在横向并购活动实施之后相关的管理体制要不断的优化、激励机制要更为成熟，这样才能够让被横向并购企业的主动性不断的提升，才能够让整合工作更为顺畅，才能够从根本上规避投资失败的困境出现。
The development and progress of a company require a variety of methods to support it,among which horizontal mergers and acquisitions are a fundamental way to help companies expand smoothly.At the same time,horizontal mergers and acquisitions play a crucial role in both the acquisition of high-quality resources and the enhancement of a company‘s core competencies and brand competitiveness.For companies,engaging in horizontal merger and acquisition activities can create more opportunities to achieve the synergistic goal of 1+1>2.Since the formal listing of Color Life on the Main Board of Hong Kong,many property service companies have also actively participated in horizontal merger and acquisition expansion activities,.However,the industry previously did not pay much attention to this expansion method,and scholarly research in this field is not very extensive.Therefore, normative and systematic research on horizontal merger and acquisition behavior should become a strategic goal.In this article‘s reflection and exploration process,the case of Company A‘s horizontal merger and acquisition expansion was specifically selected as the research object.Supported by diverse theories such as the synergy effect theory,efficiency theory,and corporate horizontal merger and acquisition theory,relevant research was conducted,and a variety of research methods such as comparative analysis and literature research were comprehensively applied to conduct a multi-dimensional evaluation and analysis of Company A‘s horizontal merger and acquisition activities.At the end of the article‘s research,the basic motivations for horizontal mergers and acquisitions and the resulting economic effects were explored,and a comprehensive study was conducted from the dimension of resource integration value creation,and the trend of business performance was analyzed from the field of financial indicators.The main conclusions that can be drawn from this study are as follows:First,during the process of horizontal merger and acquisition,Company A experienced a synergy effect.Second, for Company A,the promotion and implementation of horizontal merger and acquisition activities have enhanced the company‘s comprehensive influence in the capital market.Third,the horizontal merger and acquisition activities implemented by Company A have fundamentally improved the company‘s resource integration capabilities.Through multiple consecutive horizontal merger and acquisition behaviors,Company A has a clear target orientation,fully excavates market resources and customer resources, and its resource integration capabilities have been continuously rising,and its comprehensive market competitive strength has been continuously enhanced.This article takes this case as the object to carry out research and discussion on horizontal merger and acquisition,and finally draws the following three main conclusions:First, it is necessary to fully demonstrate the synergy effect and focus on the main business.Horizontal merger and acquisition should be guided by the specific implementation and management of the main business,and this approach can also fundamentally avoid the risk of management control loss.Second,efforts should be made to expand and extend financing channels to comprehensively improve and optimize the financial structure.Additional shareholder equity and listing financing are the most critical methods to help companies adjust their financial structure.Finally,it is necessary to actively promote the comprehensive integration and aggregation of internal resources,and post-investment management should receive more attention and consideration.After the implementation of horizontal merger and acquisition activities,the relevant management system should be continuously optimized,and the incentive mechanism should be more mature,so that the initiative of the horizontally merged and acquired companies can be continuously improved, the integration work can be smoother,and the dilemma of investment failure can be fundamentally avoided.
