Analysis of the key themes driving M&A activity reveals that internet of things accounted for 4 power deals announced in Q3 2023, worth a total value of $27.2m. The $27.2m minority acquisition of Pestech International by IJM Corporation was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 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, internet of things-related deal activity remained flat in Q3 2023 compared with the previous quarter and as compared to Q3 2022. Related deal volume increased by 300% in Q3 2023 versus the previous quarter and was 20% lower than in Q3 2022.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.