Total US power industry M&A deals in February 2019 worth $1.81bn were announced, according to GlobalData’s deals database.
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The value marked an increase of 331.9% over the previous month and a drop of 56.3% when compared with the last 12-month average of $4.14bn.
The United States held a 37.4% share of the global power industry M&A deal value that totalled $4.84bn in February 2019.
In terms of deal activity, the United States recorded 22 deals during February 2019, marking a decrease of 18.5% over the previous month and a drop of 26.7% over the 12-month average.
US power industry M&A deals in February 2019: Top deals
The top five power industry M&A deals accounted for 98.9% of the overall value during February 2019.
The combined value of the top five power industry M&A deals stood at $1.79bn, against the overall value of $1.81bn recorded for the month. The top announced power industry M&A deal tracked by GlobalData in February 2019 was American Electric Power’s $1.06bn acquisition of Sempra Renewables.
In second place was the $270m acquisition of U.S. Water Services by Kurita Water Industries and in third place was Eversource Energy’s $225m asset transaction with Orsted.
The $218.02m acquisition of Maxwell Technologies by Tesla and Cameco and Silex Systems’ acquisition of GE-Hitachi Global Laser Enrichment for $20m held fourth and fifth positions, respectively.
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.
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.
Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.