Analysis of the key themes driving M&A activity reveals that smart grid accounted for 9 power deals announced in Q4 2023, worth a total value of $2.7bn. The $1.8bn acquisition of Smart Metering Systems by Sienna Bidco 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, smart grid-related deal activity remained flat in Q4 2023 compared with the previous quarter and as compared to Q4 2022. Related deal volume increased by 350% in Q4 2023 versus the previous quarter and was 13% higher than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Barclays; Cavendish Securities; Investec with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Hogan Lovells International; Bennett Jones; BHSM with 2, 1, 1 deals respectively.
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