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  1. Deals Analysis
March 16, 2021

Power industry cross border M&A deals total $550.87m in Europe in February 2021

By Baghmar P

Total power industry cross border M&A deals worth $550.87m were announced in Europe in February 2021, led by Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines, according to GlobalData’s deals database.

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The value marked a decrease of 51.7% over the previous month of $1.14bn and a drop of 65.4% when compared with the last 12-month average of $1.59bn.

Europe held a 15.61% share of the global power industry cross border M&A deal value that totalled $3.53bn in February 2021. With a 7.93% share and deals worth $280.07m, Poland was the top country in Europe’s cross border M&A deal value across power industry.

In terms of cross border M&A deal activity, Europe recorded 31 deals during February 2021, marking a decrease of 13.89% over the previous month and a rise of 24.00% over the 12-month average. Spain recorded five deals during the month.

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Europe power industry cross border M&A deals in February 2021: Top deals

The top five power industry cross border M&A deals accounted for 99.7% of the overall value during February 2021.

The combined value of the top five power cross border deals stood at $549.23m, against the overall value of $550.87m recorded for the month.

The top five power industry cross border M&A 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 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) VivoPower International’s acquisition of Tembo 4×4 e-LV for $2.2m.

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