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  1. Deals Analysis
March 21, 2021

Power industry M&A deals total $1.16bn in Europe in February 2021

By Baghmar P

Total power industry M&A deals worth $1.16bn were announced in Europe in February 2021, led by A2A’s $248.44m asset transaction with Octopus Renewables., according to GlobalData’s deals database.

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The value marked a decrease of 13.4% over the previous month of $1.34bn and a drop of 74.2% when compared with the last 12-month average of $4.5bn.

Europe held a 19.11% share of the global power industry M&A deal value that totalled $6.07bn in February 2021. With a 4.61% share and deals worth $280.07m, Poland was the top country in Europe’s M&A deal value across power industry.

In terms of M&A deal activity, Europe recorded 51 deals during February 2021, marking a decrease of 7.27% over the previous month and a rise of 10.87% over the 12-month average. The UK recorded nine deals during the month.

Europe power industry M&A deals in February 2021: Top deals

The top five power industry M&A deals accounted for 73% of the overall value during February 2021.

The combined value of the top five power deals stood at $843.57m, against the overall value of $1.16bn recorded for the month.

The top five power industry M&A deals of February 2021 tracked by GlobalData were:

1) A2A’s $248.44m asset transaction with Octopus Renewables.

2) The $194.25m acquisition of Bergen Engines by Transmashholding and Wartsila

3) Orsted’s $177.41m asset transaction with PGE Polska Grupa Energetyczna

4) The $120.81m acquisition of AS Tallinna Vesi by City of Tallinn and Utilitas Energy Group

5) Polski Koncern Naftowy Orlen’s asset transaction with SCR, Santander Energias Renovables I, SCR and Taiga Inversiones Eolicas for $102.66m.

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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.

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