Jia Shaoqian: The Hisense team has gone to Japan to receive and integrate Sanden Holdings Co., Ltd

Source: World Wide Web

On May 11, Jia Shaoqian, president of Hisense Group, participated in the "China Brand Development International Forum Electronic Information Industry Brand Building Sub-Forum" in Shanghai and made a keynote speech, revealing that the first team of Hisense to receive and integrate Japan's Sanden Holdings Co., Ltd. has recently arrived in Japan and will officially carry out the reception and integration work. Hisense Home Appliances, a listed company under Hisense, also announced the latest progress of the acquisition: Sanden Holdings has held an ADR creditors' meeting on May 7, and all ADR creditors have unanimously approved the business regeneration plan of Sanden Holdings.

Jia Shaoqian introduced that the first batch of team members from Hisense's management, finance, legal affairs, research and development, production, marketing and other leading positions, before departure, has received systematic cross-cultural mergers and acquisitions, integration training, previously, Hisense has accumulated rich experience through the acquisition and integration of Toshiba TV and Gorenje. In 2015, the acquisition of Sharp's Mexican factory has increased by 3 times so far, and the production efficiency has been greatly improved; in 2018, it formally acquired Japan's Toshiba Imaging Company (TVS), after 18 months of integration, TVS, which has lost 8 consecutive years, turned a profit into a profit in 2019, and the profit continued to grow in the later period; in the same year, Hisense acquired Gorenje, a European high-end white goods brand, and successfully achieved a turnaround after 15 months of integration.

Sanden Holdings Co., Ltd. is a company listed on the Tokyo Stock Exchange in Japan. According to public information, Sanden Holdings ranked second in the global sales share of vehicle air conditioning compressors in 2019, and the new generation of electric compressors, integrated thermal management systems and automotive air conditioning products developed by It have been widely used in new energy vehicles. Hisense Home Appliances will expand the automotive air conditioning compressor and automotive air conditioning industry with Sanden Holdings as the core company.

Regarding Hisense's performance in the process of cross-cultural acquisition and integration, Professor Zhao Shuming of Nanjing University commented: "Chinese enterprises represented by Hisense have embarked on a very distinctive path in terms of small and large, and in business practice, they not only absorb Western management experience, but also gather enterprise management wisdom to form a typical Chinese-style management.