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  1. Deals Analysis
August 24, 2022

Power industry M&A deals total $990m in Europe in July 2022

By Carmen

Total power industry M&A deals worth $990m were announced in Europe in July 2022, led by Orsted’s $702.93m acquisition of Ostwind Engineering, Ostwind Erneuerbare Energien, Ostwind International and Ostwindpark Rotmainquelle GmbHKG, according to GlobalData’s deals database.

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The value marked an increase of 77.5% over the previous month of $557.82m and a drop of 61.8% when compared with the last 12-month average of $2.59bn.

Europe held a 33.67% share of the global power industry M&A deal value that totalled $2.94bn in July 2022. With a 23.91% share and deals worth $702.93m, France 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 July 2022, marking a decrease of 17.65% over the previous month and a rise of 3.70% over the 12-month average. Germany recorded five deals during the month.

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

The top five power industry M&A deals accounted for 99.9% of the overall value during July 2022.

The combined value of the top five power deals stood at $989.39m, against the overall value of $990m recorded for the month.

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

1) Orsted $702.93m acquisition deal with Ostwind Engineering,Ostwind Erneuerbare Energien,Ostwind International and Ostwindpark Rotmainquelle GmbHKG

2) The $142.97m acquisition of 25% stake in Titan 2020 by Galp Energia

3) SDCL Energy Efficiency Income Trust $119.36m acquisition deal with United Utilities Renewable Energy

4) The $12.62m acquisition of Hylton Plantation Solar Farm by Atrato Onsite Energy

5) Kalpataru Power Transmission Sweden $11.51m acquisition of 15% stake in Linjemontage i Grastorp

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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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