Evaluating the innovation performance of technology mergers and acquisitions in the equipment manufacturing industry

Technology M&A has been an important way for companies acquiring knowledge resources to achieve rapid development externally, especially that aiming to obtain key technology capabilities. A big challenge that faces corporate managers and government policy makers is how to evaluate the innovation performance of post acquisition effectively. In this study, based on innovation process, we devise a method to evaluate the performance of the Tech M&A from the perspective of the technological innovation process, including R&D, patent and product sales. We present results in the numerical control machine tool industry in China.