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  1. Deals Analysis
June 23, 2022

Power industry M&A deals total $10bn globally in May 2022

By Carmen

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.

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

Related Companies

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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