Total power industry M&A deals in February 2020 worth $5.21bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 150.9% over the previous month and a drop of 35.3% when compared with the last 12-month average, which stood at $8.06bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.9bn. At the country level, Spain topped the list in terms of deal value at $1.35bn.
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 February 2020 was the US with 21 deals, followed by Spain with nine and India with eight.
In 2020, as of the end of February 2020, power M&A deals worth $7.29bn were announced globally, marking a decrease of 34.9% year on year.
Power industry M&A deals in February 2020: Top deals
The top five power industry M&A deals accounted for 69.9% of the overall value during February 2020.
The combined value of the top five power M&A deals stood at $3.64bn, against the overall value of $5.21bn recorded for the month.
The top five power industry deals of February 2020 tracked by GlobalData were:
1) Siemens’ $1.22bn acquisition of Siemens Gamesa Renewable Energy
2) The $1.13bn acquisition of Abu Dhabi National Energy by Abu Dhabi Power
3) JSW Energy’s $742.28m asset transaction with GMR Energy
4) The $300m asset transaction with Glidepath Ventures by Grasshopper Solar
5) LONGi Solar Technology’s acquisition of Vina Solar Technology for $253.26m.
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.