Power industry M&A deals in Q1 2019 total $18.46bn globally

1 May 2019 (Last Updated May 1st, 2019 04:48)

Power industry M&A deals in Q1 2019 total $18.46bn globally

Total power industry M&A deals in Q1 2019 worth $18.46bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 63.4% over the previous quarter and a drop of 68.2% when compared with the last four-quarter average, which stood at $58.1bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $8.19bn. At the country level, the US topped the list in terms of deal value at $5.29bn.

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 Q1 2019 was the US with 72 deals, followed by the UK with 24 and Germany with 22.

In 2019, as of the end of Q1 2019, power M&A deals worth $18.46bn were announced globally, marking a decrease of 79.2% year on year.

Power industry M&A deals in Q1 2019: Top deals

The top five power industry M&A deals accounted for 33.5% of the overall value during Q1 2019.

The combined value of the top five power industry M&A deals stood at $6.19bn, against the overall value of $18.46bn recorded for the quarter. The top announced power industry M&A deal tracked by GlobalData in Q1 2019 was Empresa De Energia Del Pacifico’s $1.68bn asset transaction with Enertolima.

In second place was the $1.3bn acquisition of Emera Maine by Enmax and in third place was Total Eren’s $1.14bn acquisition of NovEnergia II.

The $1.06bn acquisition of Sempra Renewables by American Electric Power and Nextera Energy Partners’ asset transaction with NextEra Energy Resources for $1.02bn 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. 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.