Chapter 874: The Perfect Acquisition
Seeing that Heinzl showed signs of turning into a rampage, Hotby also remembered the ancient admonition that went too far, so he pretended to be stupid and made a compromise, saying that he could buy this part of Promethe's assets first, but Prometheus must also sign a supplementary agreement with him, stipulating that if the Chinese side does not acquire the remaining assets of Prometheus in the next six months, resulting in Huo's investment becoming a bad debt, Prometheus is obliged to repurchase this part of the assets at the original price.
Hotby had originally planned to ask for interest, but he gave up under the pressure of Heinzl's murderous eyes. He and Heinzl can be regarded as their own masters, so there is no need to make each other angry to death.
Hottby's proposal to acquire Prometheus' core technology assets after the Chinese signed a contract with Prometheus is actually a strategy of retreating into advance. People who understand a little bit of the matter also know that Feng Xiaochen will definitely reach a technology use agreement with Huo's company before he can buy the rest of Pumai's assets, which means that Huo's company must get that part of the core technology assets before the Chinese. If Heinzl and Bovard didn't realize this, Feng Xiaochen would have let them understand at the right time.
Knowing that it is impossible, Hotby makes such a request, which is an attempt to get away with it. Heinzl and Bovard would also be discouraged from being wary of him, convinced that he was just a profiteer who could not afford to make a profit. As for the repurchase of assets, the contract makes it very clear that Prometheus only has obligations, but no rights......
In the next few days, everything was carried out according to the script compiled by Feng Xiaochen. Feng Xiaochen paid a visit to Hotby, and then Hotby approached Heinzl and Bovard, claiming that the Chinese intended to give him a sum of money to give up the acquisition of Promethe's core technology assets. Heinzl and Bovard reassured him and persuaded him to sign a contract with Prometheus and buy the core technology so as not to have too many dreams at night.
Hotby pretended to be reluctant, negotiated with Heinzl, and finally acquired the research institute and a special factory under Prometheus Construction Machinery Company at a price of 240 million euros, and the research institute has a large number of technical patents and experimental equipment, as well as many high-precision machine tools in the special factory, all of which have become the pocket of Huo's company.
After learning that Prometheus' core technology assets had fallen into the hands of Huo's company, Feng Xiaochen slapped the table in front of Heinzl and Bovard, accused the other party of bad intentions, and repeated the old words, demanding that the price of the remaining assets be pressed below 800 million euros, which was 1/3 lower than the price of 1.2 billion euros he had previously offered.
Heinzl, of course, could not accept the price, and argued with Feng Xiaochen on the basis of reason, and the debate between the two sides was so fierce that a confrontation between German boxing and traditional Chinese martial arts almost broke out.
Subsequently, Hotby began to report to Heinzl and Bovard, saying that Feng Xiaochen had contacted him and asked to sign a technical cooperation agreement with him, and for this purpose, a group of engineers from China were specially transferred to the research institute to evaluate the value of various patented technologies and determine the way of cooperation.
The problem is that the number of engineers sent by the Chinese side is so large, and they don't come out when they stay in the institute, and they work together with the Pumai engineers in the institute every day, and they get along very harmoniously. Hotby showed surprising generosity, making it easy for the Chinese to engage in various activities in the enterprises he bought, and finally even hired several managers from Chenyu Construction Machinery Company as the head of the research institute, giving orders to European engineers on a daily basis.
"Hotby, I want to know, what agreement did you reach with the Chinese?"
When Heinzl heard about this, he called Hotby worriedly to inquire.
"Technical cooperation agreements, of course. "As you asked, I promised the Chinese all the technology to encourage them to buy the rest of Prometheus' assets." ”
"However, we have an agreement first, and you can't resell the core technology you got from Prometheus to the Chinese." ”
"You can rest assured that I definitely did not sell the technology to the Chinese. ”
"But I heard that Chenyu Construction Machinery will use more than 20 patents from Prometheus on their newly developed 85-meter pump truck, which they claim are authorized. ”
"That's true. "These patents now belong to Huo's company, and we have the right to license them to Chinese companies." ”
"How are your licensing fees charged?" asked Heinzl.
"It's completely free. Hotby said.
"It's free?!" Heinzl exclaimed, his voice coming through the microphone and shaking Hotby's ears a little.
"Bastard, what are you shouting so loudly for!" said Hotby angrily.
"How can you let the Chinese use these patents for free?" Heinzl questioned.
Hotby said: "Isn't that what you asked for? You said we had to work with the Chinese, but we couldn't sell the patent to the Chinese, and I had to do that." ”
"What?" Heinzl couldn't believe his ears. He didn't let Hotby sell his patents, and Hotby simply gave them to the Chinese for nothing, did he mean this? Also, was Hotby kicked in the head by a donkey?
"I'm just trying to help you negotiate. Hotby said lightly on the phone.
With Hotby so helping, where would Feng Xiaochen still be interested in negotiating with Heinzl. Bovard contacted Feng Xiaochen several times, but Feng Xiaochen only quoted the price to Bovard on the phone, saying that if Prometheus's asking price was higher than his own offer, then he would rather not accept Prowmai's remaining assets.
Feng Xiaochen reported the price, the first time was 800 million, then 700 million, and then 600 million, the latest offer, he has already offered a price of 500 million, and claimed that this is a conscience price, there is no room for negotiation.
"They got the most important technology from Hotby, and they didn't care about the equipment at these factories in Europe and the goodwill of Prometheus. In fact, after the divestment of core technology assets, Prometheus's construction machinery division has no much value, Feng Xiaochen is willing to pay 500 million euros to buy, which is already very rare, and the rest of the buyers are willing to pay a lower price than this. Bovard said to Heinzl. He began to vaguely feel that there might be something to do between Hotby and Feng Xiaochen, of course, his speculation was limited to Feng Xiaochen bribing Hotby to make Hotby promise to open all the technology to Chenyu's company. Until this time, Bovard still didn't expect that Hotby was actually Feng Xiaochen's employee.
"This damn Hotby, he betrayed us!" Heinzl reacted. Feng Xiaochen and Yang Haifan value the core technology of Prometheus the most, they are willing to pay 2.5 billion euros to acquire Prometheus Construction Machinery Company, mainly for these technologies, the equipment and trademarks in the factory are of course also valuable, but after they get the core technology, they will not be so anxious, and can slowly drag down with Promethe.
"No, we were deceived by Feng Xiaochen, he must have reached an agreement with Hotby in private, and now he can slowly negotiate with us while obtaining technology from Hotby. Heinzl said annoyedly.
Bovard said, "So what? You forced Hotby to sign with Poumme first, didn't you think that Hotby would betray you?"
"Hotby is British after all, and he should be on the side of Europe. Heinzl said indignantly.
"It's a shame that he's on the side of money," Bovard said. For the vast majority of Europeans, if they had to choose between money and Europe, they would not hesitate to choose to side with money. ”
Heinzl had an idea and said, "I remember, we had an agreement with Hotby first. If the Chinese don't complete the acquisition of Promethe, then we can buy back the part of the technology assets sold to Hotby. ”
Bovard looked at him with sympathy and said, "Mr. Heinzl, if I'm not mistaken, you only promised in the agreement that Proumme was obliged to buy back these assets, provided that Hotby made such a request. But now, do you think Hotby would make that request?"
Prometheus' board of directors has finally taken note of the merger. A task force investigating the entire transaction process confirmed that Heinzl had made a serious mistake in the negotiations, and that the move to split the core technology assets was a major failure, which led to the sale of Prometheus' most valuable assets at a low price, and the significant depreciation of other assets that could have been sold at a high price based on these core technologies.
The board recalled Heinzl and demoted him to a business unit as a junior employee. New negotiators were sent to Stuttgart, led by Bovard, and Prometheus and Chenyu International Investment started a third round of negotiations. In view of the fact that the assets of Prometheus Construction Machinery Company have become unattractive, Prometheus has taken out two other technical departments as an addition, and together with the original construction machinery department, sold to Chen Yu Guotou for 1.8 billion euros. Specific to the construction machinery sector, plus the 240 million paid by Huo's company, the total transfer price did not even exceed 1 billion euros.
After Chen Yu Guotou got these assets, it began to split and sell to different companies in China, including Chen Yu Construction Machinery Company, and finally sold the total price equivalent to 4 billion euros, so that all the shareholders who participated in the merger and acquisition made a big profit.
The core technology of ProMedsea mastered by Huo's company was not sold, which was stipulated in the agreement signed between Huo's company and Prometheus. Feng Xiaochen didn't care about this, anyway, Huo's company was 100% obedient to him, and the technology was in the hands of Huo's company, and there was no difference between being in his own hands.
A few years later, Feng Xiaochen once went to lecture on an international M&A case to a student at the request of an MBA course at a university, and he told the case. In his account, Heinzl is actually the inside line of Chenyu's purchase, because of his role, Chenyu's company used less than 1 billion euros to buy a company that originally needed 2.5 billion euros to buy.
The news soon reached the ears of the board of directors of the Prometheus Group, and the subsequent fate of Heinzl was unknown.
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