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

16 March 2021 (Last Updated March 16th, 2021 13:50)

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.

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.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.