Total power industry cross border M&A deals worth $7.2bn were announced in Europe in Q3 2022, led by Hitachi’s $1.68bn acquisition of 19.9% stake in Hitachi Energy, 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.

The value marked a decrease of 32.2% over the previous quarter and a drop of 24% when compared with the last four-quarter average of $9.48bn.

Europe held a 70.62% share of the global power industry cross border M&A deal value that totalled $10.21bn in Q3 2022. With a 23.51% share and deals worth $2.4bn, Germany was the top country in Europe’s cross border M&A deal value across power industry.

In terms of deal activity, Europe recorded 86 cross border deals during Q3 2022, marking a decrease of 36.76% over the previous quarter and a drop of 27.88% over the last four-quarter average. Germany recorded 16 deals during the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Europe power industry cross border M&A deals in Q3 2022: Top deals

The top five power industry cross border M&A deals accounted for 69.4% of the overall value during Q3 2022.

The combined value of the top five cross border M&A deals stood at $5bn, against the overall value of $7.2bn recorded for the quarter.

The top five power industry cross border deals of Q3 2022 tracked by GlobalData were:

1) Hitachi’s $1.68bn acquisition deal for 19.9% stake in Hitachi Energy

2) The $1bn acquisition of Nexif Energy Holdings and NXF Holdings 2 by RH International (Singapore) Corp

3) The $913m merger deal with Athena Consumer Acquisition and Next.e.GO Mobile

4) The $705.01m asset transaction for 49% stake in Wikinger Offshore Wind Farm in Germany from Iberdrola

5) Orsted’s $702.93m acquisition deal with Ostwind Engineering, Ostwind Erneuerbare Energien, Ostwind International and Ostwindpark Rotmainquelle GmbHKG