Internationalization of business activities is a precondition for the survival of modern enterprises regardless of their core business or country of origin. Foreign direct investment is one of the many strategies of internationalization of business, but also the most complex strategies. Management should implement this strategy as an initial, but to which foreign investment should occur only when the company meets foreign markets and gain some experience by using simple strategies. Foreign direct investment toward the goal we share the greenfield investments, when the company in foreign markets creates new productive capacity and brownfield investments, when taken over or merged with existing capacities. According motive distinguish market-oriented investment, resource-oriented investment, investment oriented towards increasing efficiency and strategically motivated investments. Acquisitions in foreign markets when the company abroad buy more than 10 percent of the value of the existing companies. Acquisition process is divided into several stages, which are divided into phases prior to the acquisition and phase following the acquisition. The goal of each acquisition is to achieve a positive result given the takeover, which is measured in stages following the acquisition, and that is an indication that the acquisition process was or was not successful. Croatian companies are also using the strategy of mergers and acquisitions for a performance in a foreign market. This paper deals with some of these cases, and they explored the ways in which it is carried out acquisitions and acquisition performance.