Power industry M&A deals in January 2019 total $3.68bn globally

8 March 2019 (Last Updated March 8th, 2019 13:09)

Power industry M&A deals in January 2019 total $3.68bn globally

Total power M&A deals in January 2019 worth $3.68bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 81.05% over the previous month and a drop of 81.1% when compared with the last 12-month average, which stood at $19.43bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.98bn. At the country level, Mexico topped the list in terms of deal value at $801m.

In terms of volumes, Europe emerged as the top region for power M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of M&A deals activity in January 2019 was the United States with 31 deals, followed by Sweden with six and India with six.

Power M&A deals in January 2019: Top deals

The top five power M&A deals accounted for 80.4% of the overall value during January 2019.

The combined value of the top five power M&A deals stood at $2.95bn, against the overall value of $3.68bn recorded for the month.

The top announced power M&A deal tracked by GlobalData in January 2019 was ContourGlobal’s $801m asset transaction with Alpek SAB de CV.

In second place was CGN Energy International Holdings’ asset transaction with Enel Green Power Brasil Participacoes for $781.9m and in third place was Columbia Power and Columbia Basin Trust’s $756.17m asset transaction with Fortis.

Majis Industrial Services’ $400m acquisition of Utico FZC and Eaton Corporation’s acquisition of Ulusoy Elektrik for $214m held fourth and fifth positions, respectively.

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.

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.