Analysis of the key themes driving M&A activity reveals that hydrogen accounted for 20 power deals announced in Q4 2023, worth a total value of $3.9bn. The $2bn acquisition of Enerfin by Statkraft 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, hydrogen-related deal activity increased by 50% in Q4 2023 compared with the previous quarter’s total of $2.6bn and rose by 4% as compared to Q4 2022. Related deal volume increased by 67% in Q4 2023 versus the previous quarter and was 25% higher than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were ABG Sundal Collier Holding; Citigroup; Rothschild & Co with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Latham & Watkins; Linklaters; Morgan, Lewis & Bockius with 2, 2, 2 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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