Total Power industry M&A deals worth $10bn were announced globally in May 2022, led by Siemens Energy’s $4.64bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy, according to GlobalData’s deals database.

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The value marked an increase of 175.8% over the previous month of $3.63bn and a rise of 39.6% when compared with the last 12-month average, which stood at $7.17bn.

Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $6.86bn. At the country level, the Spain topped the list in terms of deal value at $4.64bn.

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.

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The top country in terms of M&A deals activity in May 2022 was the US with 17 deals, followed by the India with seven and Germany with six.

In 2022, as of May, Power M&A deals worth $25.05bn were announced globally, marking an increase of 62.8% year on year.

Power industry M&A deals in May 2022: Top deals

The top five M&A deals accounted for 99.04% of the overall value during May 2022.

The combined value of the top five Power M&A deals stood at $9.92bn, against the overall value of $10bn recorded for the month.

The top five Power industry M&A deals of May 2022 tracked by GlobalData were:

1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy

2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco

3) TotalEnergies $1.6bn acquisition deal for 50% stake in Clearway Energy Group

4) The $1.45bn acquisition of 40% stake in Eurus Energy by Toyota Tsusho

5) Britishvolt $38.32m acquisition deal with EAS Batteries