Power industry M&A deals in June 2020 total $4.58bn globally

27 July 2020 (Last Updated July 27th, 2020 11:48)

Power industry M&A deals in June 2020 total $4.58bn globally

Total power industry M&A deals in June 2020 worth $4.58bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 3.3% over the previous month and a drop of 43.9% when compared with the last 12-month average, which stood at $8.16bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $2.58bn. At the country level, China topped the list in terms of deal value at $2.11bn.

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 June 2020 was the US with 15 deals, followed by China with eight and the UK with six.

In 2020, as of the end of June 2020, power M&A deals worth $36.46bn were announced globally, marking a decrease of 9.7% year on year.

Power industry M&A deals in June 2020: Top deals

The top five power industry M&A deals accounted for 69.7% of the overall value during June 2020.

The combined value of the top five power M&A deals stood at $3.19bn, against the overall value of $4.58bn recorded for the month.

The top five power industry deals of June 2020 tracked by GlobalData were:

1) The merger of Fujian Huadian Furui Energy Development and Huadian Fuxin Energy for $1.07bn

2) The $883.6m acquisition of Taicang GCL Waste Incineration Power Generation by Taicang City Investment Environmental Protection Construction Investment

3) Diamond Transmission Partners Walney Extension’s $555.6m asset transaction with Orsted, PFA Holding and PKA

4) The $379.5m acquisition of National Electric Vehicle Sweden by Evergrande Health Industry Group

5) The merger of Middle Tennessee Electric Membership and Murfreesboro Electric Department for $302m

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.