Power industry M&A deals in Q4 2019 total $35.09bn globally

21 February 2020 (Last Updated February 25th, 2020 07:14)

Power industry M&A deals in Q4 2019 total $35.09bn globally

Total power industry M&A deals in Q4 2019 worth $35.09bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 94.4% over the previous quarter and a rise of 27.1% when compared with the last four-quarter average, which stood at $27.62bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $18.69bn. At the country level, the US topped the list in terms of deal value at $8.23bn.

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

The top country in terms of M&A deals activity in Q4 2019 was the US with 86 deals, followed by China with 36 and the UK with 35.

In 2019, as of the end of Q4 2019, power M&A deals worth $100.37bn were announced globally, marking a decrease of 49.5% year on year.

Power industry M&A deals in Q4 2019: Top deals

The top five power industry M&A deals accounted for 46.3% of the overall value during Q4 2019.

The combined value of the top five power M&A deals stood at $16.24bn, against the overall value of $35.09bn recorded for the month.

The top five power industry deals of Q4 2019 tracked by GlobalData were:

1) WESCO International’s $4.52bn acquisition of Anixter International

2) The $4.52bn acquisition of Eneco Holding by Chubu Electric PowerInc and Mitsubishi

3) Fortum’s $2.53bn acquisition of Uniper

4) The $2.45bn asset transaction with Energias de Portugal by Credit Agricole Assurances, Engie and Mirova

5) State Gridof China’s acquisition of Chilquinta Energia and Tecnored for $2.23bn.

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.