Total power industry M&A deals worth $93.2m were announced in Europe in March 2022, led by Hanwha Solutions’ $44m acquisition of 4.67% stake in REC Silicon, according to GlobalData’s deals database.
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The value marked a decrease of 72.2% over the previous month of $335.4m and a drop of 97.01% when compared with the last 12-month average of $3.12bn.
Europe held a 4.59% share of the global power industry M&A deal value that totalled $2.03bn in March 2022. With a 2.17% share and deals worth $44m, Norway was the top country in Europe’s M&A deal value across power industry.
In terms of M&A deal activity, Europe recorded 24 deals during March 2022, marking an increase of 20% over the previous month and a drop of 7.69% over the 12-month average. The UK recorded five deals during the month.
Europe power industry M&A deals in March 2022: Top deals
The top five power industry M&A deals accounted for 99.2% of the overall value during March 2022.
The combined value of the top five power deals stood at $92.36m, against the overall value of $93.2m recorded for the month.
The top five power industry M&A deals of March 2022 tracked by GlobalData were:
1) Hanwha Solutions $44m acquisition deal for 4.7% stake in REC Silicon
2) The $29.1m acquisition of 35% stake in MaxSolar by Greenvolt – Energias Renovaveis
3) Luceco $13.16m acquisition deal for 80% stake in EV Charge Points UK T/A EVCP
4) The $3.57m acquisition of 65% stake in Tropos Motors Europe by Cenntro Electric Group
5) EDP Energia Polska $2.53m acquisition deal with Soon Energy Poland
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.