Total power industry M&A deals in December 2019 worth $16.09bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 92.5% over the previous month and a rise of 92.1% when compared with the last 12-month average, which stood at $8.38bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $8.34bn. At the country level, the US topped the list in terms of deal value at $5.16bn.
In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of M&A deals activity in December 2019 was the US with 31 deals, followed by the UK with ten and Spain with nine.
In 2019, as of the end of December 2019, power M&A deals worth $100.37bn were announced globally, marking a decrease of 49.5% year on year.
Power industry M&A deals in December 2019: Top deals
The top five power industry M&A deals accounted for 63.2% of the overall value during December 2019.
The combined value of the top five power M&A deals stood at $10.17bn, against the overall value of $16.09bn recorded for the month.
The top five power industry deals of December 2019 tracked by GlobalData were:
1) WESCO International’s $4.52bn acquisition of Anixter International
2) The $2.45bn asset transaction with Energias de Portugal by Credit Agricole Assurances, Engie and Mirova
3) Asterion Industrial Partners SGEIC and F2i SGR’s $1.11bn acquisition of Sorgenia
4) The $1.1bn acquisition of AquaVenture Holdings by Culligan International
5) State Grid International Development’s acquisition of Oman Electricity TransmissionSAOC for $1bn.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.
Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.