Analysis of the key themes driving M&A activity reveals that advanced materials accounted for 20 power deals announced in Q3 2024, worth a total value of $2.5bn. The $1.4bn acquisition of Saeta Yield by Abu Dhabi Future Energy was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 2024 uncovers key trends behind the power market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.

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In value terms, advanced materials-related deal activity increased by 39% in Q3 2024 compared with the previous quarter’s total of $1.8bn and rose by 212% as compared to Q3 2023. Related deal volume decreased by 33% in Q3 2024 versus the previous quarter and was 41% lower than in Q3 2023.

The top-ranked financial advisors supporting these M&A deals in 9M 2024 were Lazard; Rothschild & Co; Banco Santander with 2, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Dentons UK and Middle East; CMS Legal Services EEIG; Cuatrecasas, Goncalves Pereira with 4, 3, 2 deals respectively.

For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.

This content was updated on 19 October 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.