Total power industry cross border M&A deals worth $5.1bn were announced globally in September 2022, led by Hitachi’s $1.68bn acquisition deal for 19.9% stake in Hitachi Energy, according to GlobalData’s deals database.
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The value marked an increase of 83.7% over the previous month of $2.76bn and a drop of 26.2% when compared with the last 12-month average, which stood at $6.87bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.9bn. At the country level, the US topped the list in terms of deal value at $1.85bn.
In terms of volumes, Europe emerged as the top region for power industry cross border M&A deals globally, followed by Asia-Pacific and then North America.
The top country in terms of cross border M&A deals activity in September 2022 was Germany with nine deals, followed by the US with nine and the UK with seven.
In 2022, as of September, power cross border M&A deals worth $53.25bn were announced globally, marking an increase of 11.3% year on year.
power industry cross border M&A deals in September 2022: Top deals
The top five cross border M&A deals accounted for 82.7% of the overall value during September 2022.
The combined value of the top five power cross border M&A deals stood at $4.19bn, against the overall value of $5.1bn recorded for the month.
The top five power industry cross border M&A deals of September 2022 tracked by GlobalData were:
1) Hitachi’s $1.68bn acquisition deal for 19.9% stake in Hitachi Energy
2) The $1bn acquisition of Scout Clean Energy by Brookfield Renewable
3) Energy Infrastructure Partners’s $705.01m asset transaction deal for 49% stake in Iberdrola
4) The $540m acquisition of Standard Solar by Brookfield Renewable
5) Enbridge’s $270m acquisition deal with Tri Global Energy