Power industry M&A deals in Q4 2018 total $49.22bn globally

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

Power industry M&A deals in Q4 2018 total $49.22bn globally

Total power M&A deals in Q4 2018 worth $49.22bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 121.2% over the previous quarter and a drop of 10.2% when compared with the last four-quarter average, which stood at $54.85bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $22.95bn. At the country level, the United States topped the list in terms of deal value at $21.57bn.

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 Q4 2018 was the United States with 84 deals, followed by the United Kingdom with 31 and France with 17.

In 2018, as of the end of Q4, power M&As worth $233.1bn were announced globally, marking an increase of 67.8% year on year.

Power M&A deals in Q4 2018: Top deals

The top five power M&A deals accounted for 59.2% of the overall value during Q4 2018.

The combined value of the top five power M&A deals stood at $29.15bn, against the overall value of $49.22bn recorded for the quarter.

The top announced power M&A deal tracked by GlobalData in Q4 2018 was Brookfield Business Partners and Caisse de depot et placement du Quebec’s $13.2bn asset transaction with Johnson Controls International.

In second place was Hitachi’s asset transaction with ABB for $9.1bn and in third place was Enel, Engie, Royal Dutch Shell, Total and Verbund’s $3.6bn acquisition of Eneco Holding.

Oncor Electric Delivery’s $2.22bn acquisition of InfraREIT and Axium Infrastructure’s asset transaction with AltaGas for $1.04bn 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.