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  1. Deals Analysis
July 23, 2022

Power industry M&A deals total $557.8m in Europe in June 2022

By Carmen

Total power industry M&A deals worth $557.8m were announced in Europe in June 2022, led by Equinor and SSE Thermal’s $418.72m acquisition of Triton Power, according to GlobalData’s deals database.

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The value marked a decrease of 94.7% over the previous month of $10.44bn and a drop of 79.9% when compared with the last 12-month average of $2.77bn.

Europe held a 4.14% share of the global power industry M&A deal value that totalled $13.48bn in June 2022. With a 3.25% share and deals worth $438.45m, the UK was the top country in Europe’s M&A deal value across power industry.

In terms of M&A deal activity, Europe recorded 32 deals during June 2022, marking an increase of 10.34% over the previous month and a rise of 23.08% over the 12-month average. The UK recorded 13 deals during the month.

Europe power industry M&A deals in June 2022: Top deals

The top five power industry M&A deals accounted for 81.1% of the overall value during June 2022.

The combined value of the top five power deals stood at $452.45m, against the overall value of $557.8m recorded for the month.

The top five power industry M&A deals of June 2022 tracked by GlobalData were:

1) Equinor and SSE Thermal $418.72m acquisition deal with Triton Power

2) The $15.56m acquisition of Custom Solar by Mitie Group

3) Enersense International $9.47m acquisition deal with Voimatel

4) The $6.25m acquisition of 82% stake in myFC Holding by K Ohlin Fastigheter

5) Smart Metering Systems $2.45m acquisition deal for 25% stake in Clenergy EV

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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