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  1. Deals Analysis
July 21, 2021

Power industry M&A deals total $3.7bn globally in June 2021

By Baghmar P

Total power industry M&A deals worth $3.7bn were announced globally in June 2021, led by Veleta BidCo S.a’s $1.29bn acquisition of SolarPack Corporacion Tecnologica, according to GlobalData’s deals database.

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The value marked a decrease of 18.1% over the previous month of $4.53bn and a drop of 61.2% when compared with the last 12-month average, which stood at $9.55bn.

Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.53bn. At the country level, the Spain topped the list in terms of deal value at $1.29bn.

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 June 2021 was the US with 12 deals, followed by the UK with five and Spain with three.

In 2021, as of June, power M&A deals worth $65.71bn were announced globally, marking an increase of 154.8% year on year.

power industry M&A deals in June 2021: Top deals

The top five M&A deals accounted for 95.7% of the overall value during June 2021.

The combined value of the top five power M&A deals stood at $3.55bn, against the overall value of $3.7bn recorded for the month.

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

1) Veleta BidCo S.a’s $1.29bn acquisition of SolarPack Corporacion Tecnologica

2) The $1.15bn acquisition of Bristol Water and Bristol Water Holdings UK by Pennon Group

3) Prolec GE International S de RL de CV’s $645m acquisition of SPX Transformer Solutions

4) The $389.7m acquisition of 90% stake in Clenera by Enlight Renewable Energy

5) Innergex Renewable Energy’s acquisition of 50% stake in Energia Llaima for $71.35m.

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