Total Power industry cross border M&A deals worth $26.9bn were announced globally in Q2 2022, led by TotalEnergies’ $12.5bn acquisition of 25% stake in Adani New Industries, according to GlobalData’s deals database.
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The value marked an increase of 718.9% over the previous quarter of $3.28bn and a rise of 309.5% when compared with the last four-quarter average, which stood at $6.56bn.
Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $14.14bn. At the country level, the India topped the list in terms of deal value at $14.05bn.
In terms of volumes, Europe emerged as the top region for Power industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of cross border M&A deals activity in Q2 2022 was the UK with 11 deals, followed by the US with nine and Germany with six.
In 2022, at the end of , cross border M&A deals worth $30.14bn were announced globally in Power industry, marking an increase of 40.1% year on year.
Cross Border M&A deals in Power industry in Q2 2022: Top deals
The top five cross border M&A deals in Power industry accounted for 40.1% of the overall value during Q2 2022.
The combined value of the top deals stood at $26.05bn, against the overall value of $26.9bn recorded for the quarter.
The top five Power industry cross border Power deals of Q2 2022 tracked by GlobalData were:
1) TotalEnergies $12.5bn acquisition deal for 25% stake in Adani New Industries
2) The $6.14bn acquisition of ContourGlobal by Cretaceous Bidco
3) Siemens Energy $4.26bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy
4) The $1.6bn acquisition of 50% stake in Clearway Energy Group by TotalEnergies
5) Shell Overseas Investments $1.55bn acquisition deal with Solenergi Power