Total power industry M&A deals worth $6.9bn were announced in Europe in May 2022, led by Siemens Energy ’s $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy , according to GlobalData’s deals database.

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The value marked an increase of 2147.2% over the previous month of $305.27m and a rise of 255.4% when compared with the last 12-month average of $1.93bn.

Europe held a 68.53% share of the global power industry M&A deal value that totalled $10.01bn in May 2022. With a 46.35% share and deals worth $4.64bn, Spain was the top country in Europe’s M&A deal value across power industry.

In terms of M&A deal activity, Europe recorded 28 deals during May 2022, marking an increase of 47.37% over the previous month and a rise of 7.69% over the 12-month average. Germany recorded six deals during the month.

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

The top three power industry M&A deals accounted for 100% of the overall value during May 2022.

The combined value of the top three power deals stood at $6.86bn, against the overall value of $6.9bn recorded for the month.

The top three 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) Britishvolt $38.32m acquisition deal with EAS Batteries