Analysis of the key themes driving M&A activity reveals that future of work accounted for 5 power deals announced in Q4 2023, worth a total value of $24.8m. The $24.8m acquisition of Mengli Automation (Kunshan) by Hichain Logistics was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for 2023 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.
In value terms, future of work-related deal activity decreased by 34% in Q4 2023 compared with the previous quarter’s total of $37.7m and fell by 94% as compared to Q4 2022. Related deal volume remained flat in Q4 2023 versus the previous quarter and was 58% lower than in Q4 2022.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Dentons UK and Middle East; Hunton Andrews Kurth; Mayer Brown with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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