Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
March 24, 2021

Europe’s power industry saw a rise of 10.00% in cross border deal activity during February 2021

By Baghmar P

Europe’s power industry saw a rise of 10.00% in cross border deal activity during February 2021, when compared with the last 12-month average, led by Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 33 power industry cross border deals worth $611.06m were announced for the region in February 2021, against the 12-month average of 30 deals.

Of all the deal types, M&A saw most activity in February 2021 with 31 transactions, representing a 93.9% share for the region.

Content from our partners
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration
Reimagining the carbon problem

In second place was private equity with one deals, followed by venture financing deals with one transactions, respectively capturing a 3.03% and 3.03% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Europe’s power industry with $550.87m, while private equity and venture financing deals totalled $48.16m and $12.03m, respectively.

Europe power industry cross border deals in February 2021: Top deals

The top five power cross border deals accounted for 97.4% of the overall value during February 2021.

The combined value of the top five power cross border deals stood at $595.19m, against the overall value of $611.06m recorded for the month.

The top five power industry cross border deals of February 2021 tracked by GlobalData were:

1) Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines

2) The $177.41m asset transaction deal with PGE Polska Grupa Energetyczna by Orsted

3) Polski Koncern Naftowy Orlen’s $102.66m asset transaction with SCR, Santander Energias Renovables I, SCR and Taiga Inversiones Eolicas

4) The $72.72m asset transaction with ABO Wind by Greencoat Renewables

5) Nofar Energy and Noy Infrastructure & Energy Investment Fund’s private equity deal with Sunprime General for $48.16m.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU