台灣經濟發展已經有數十年，當企業的成長受到限制或企業環境發生變化之際，企業生命週期逐漸邁入衰退之前，企業必須發展新產品或尋求新市場以提高利潤或跨入異業的領域以尋求成長，藉由併購可以快速達成，但是對於併購的發展以及運用，沒有歐美國家來的頻繁以及熟練，再加上台灣本身的市場不算大，企業的家數不若歐美國家來的多，這也造成發生併購的企業個案，數量遠不若歐美，儘管如此，台灣以往發生併購的個案，依然有其重要性與代表性；在併購日趨重要的今日，企業的併購，影響企業未來發展甚巨，因此，企業併購成功之相關問題，值得進一步去探討與研究。

因此，如何對衡量企業併購績效之各個關鍵因素及其權重作綜合且有系統的評量以建立一能持續不斷使用的績效衡量架構即成為本研究所欲探討之問題。對此，本研究擬應用模糊層級分析法（Fuzzy Analytical Hierarchy Process, FAHP），來整合專家之意見，並發展該衡量架構。並以半導體代理商為研究案例，以展現本研究方法之可行性與適用性。

本研究所得知之結果可發現，透過模糊層級分析法進行企業併購之績效關鍵指標探討，並且得到整合併購構面為其最為重要之構面，快速整合團隊則為其最重要之因素，將其運用在企業併購之績效關鍵指標探討之研究，以期能找出台灣企業併購之未來發展策略。

Taiwan's economic development has been several years, when business growth is limited or the occasion of changes in business environment, corporate life cycle before gradually into recession. It must develop new products or new markets to increase profits or abnormal industry into the domain to seek growth through mergers and acquisitions (M&A) can be quickly reached, but for the development and use of M&A, there is no other country to the frequent and skilled. And Taiwan's market is not large, the number of home businesses do not come if the United States and Europe more This also resulted in an acquisition occurs, the case if the number is far from Europe and America, however, M&A cases occurred in Taiwan in the past, still has its importance and representation; increasingly important in today's M&A, corporate mergers and acquisitions, affect the future development of was enormous, therefore, the success of M&A related to the problem and further to explore and research.

Therefore, how to measure the performance of the various M&A the right to redo the key factors and their comprehensive and systematic assessment can be ongoing to establish a performance measurement framework that is used by a desire to explore the issues in this study. In this regard, this study applied Fuzzy Analytic Hierarchy Process (FAHP), to integrate expert opinion, and the development of the measurement framework. And agents for the semiconductor case study to demonstrate the feasibility and applicability of research methods.

That the results of this study can be found through the FAHP for M&A of key indicators of performance, and integration of acquisitions has been the most important dimensions of its dimensions, its rapid integration team is most important factor in its use performance in M&A of key indicators of the study, with a view to find Taiwan's future development strategy of M&A.

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