Total Power industry cross border M&A deals worth $8.5bn were announced globally in May 2022, led by Siemens Energy’s $4.64bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy, according to GlobalData’s deals database.
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The value marked an increase of 369.1% over the previous month of $1.81bn and a rise of 300.5% when compared with the last 12-month average, which stood at $2.12bn.
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 $6.86bn. At the country level, the Spain topped the list in terms of deal value at $4.64bn.
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 May 2022 was Germany with three deals, followed by the UK with three and the US with three.
In 2022, as of May, Power cross border M&A deals worth $13.58bn were announced globally, marking an increase of 28.6% year on year.
Power industry cross border M&A deals in May 2022: Top deals
The top five cross border M&A deals accounted for 100% of the overall value during May 2022.
The combined value of the top five Power cross border M&A deals stood at $8.49bn, against the overall value of $8.5bn recorded for the month.
The top five Power industry cross border M&A deals of May 2022 tracked by GlobalData were:
1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy
2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco
3) TotalEnergies $1.6bn acquisition deal for 50% stake in Clearway Energy Group
4) The $38.32m acquisition of EAS Batteries by Britishvolt
5) JESCO Holdings $23.78m acquisition deal for 24.05% stake in Willings
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.