Power industry M&A deals in Q3 2019 total $997.7m in UK

27 November 2019 (Last Updated November 27th, 2019 07:31)

Power industry M&A deals in Q3 2019 total $997.7m in UK

Total power industry M&A deals in Q3 2019 worth $997.7m were announced in the UK, according to GlobalData’s deals database.

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The value marked an increase of 65.9% over the previous quarter and a drop of 53.9% when compared with the last four-quarter average of $2.17bn.

The UK held a 4.1% share of the global power industry M&A deal value that totalled $24.26bn in Q3 2019.

In terms of deal activity, the UK recorded 20 deals during Q3 2019, marking a flat growth over the previous quarter and a drop of 25.9% over the last four-quarter average.

The UK power industry M&A deals in Q3 2019: Top deals

The top five power industry M&A deals accounted for 97.6% of the overall value during Q3 2019.

The combined value of the top five power M&A deals stood at $973.41m, against the overall value of $997.7m recorded for the month.

The top five power industry deals of Q3 2019 tracked by GlobalData were:

1) Ovo Energy’s $616.58m asset transaction with SSE

2) The $303.38m asset transaction with John Wood Group by Jacobs Engineering Group

3) Warrington Borough Council’s $22.18m acquisition of Together Energy

4) The $19.09m asset transaction with Amersham Investment Management and Future Biogas by John Laing Environmental Assets Group

5) Carr’s Group’s acquisition of NW Pump & Valve for $12.18m.

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.