Power industry M&A deals in October 2019 total $1.52bn in US

21 November 2019 (Last Updated November 21st, 2019 10:40)

Power industry M&A deals in October 2019 total $1.52bn in US

Total power industry M&A deals in October 2019 worth $1.52bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 30.01% over the previous month and a drop of 57.8% when compared with the last 12-month average of $3.59bn.

The US held a 14.5% share of the global power industry M&A deal value that totalled $10.49bn in October 2019.

In terms of deal activity, the US recorded 36 deals during October 2019, marking an increase of 20% over the previous month and a rise of 24.1% over the 12-month average.

The US power industry M&A deals in October 2019: Top deals

The top five power industry M&A deals accounted for 99.7% of the overall value during October 2019.

The combined value of the top five power M&A deals stood at $1.51bn, against the overall value of $1.52bn recorded for the month.

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

1) Signify’s $1.4bn acquisition of Cooper Lighting Solutions

2) The $64.27m asset transaction with KineticorPartnership by TransAlta

3) Constellation NewEnergy’s $24m asset transaction with Agera Energy

4) The $15m asset transaction with CUI Global by

5) Pattern Energy Group’s asset transaction with Pattern Development for $9.5m.

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.