Power industry M&A deals in October 2020 total $9.33bn in US

26 November 2020 (Last Updated November 26th, 2020 14:50)

Power industry M&A deals in October 2020 total $9.33bn in US

Total power industry M&A deals in October 2020 worth $9.33bn were announced in the US, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The value marked an increase of 175.9% over the previous month and a rise of 292.4% when compared with the last 12-month average of $2.38bn.

The US held a 52.3% share of the global power industry M&A deal value that totalled $17.84bn in October 2020.

In terms of deal activity, the US recorded 32 deals during October 2020, marking a decrease of 5.9% over the previous month and a rise of 28% over the 12-month average.

The US power industry M&A deals in October 2020: Top deals

The top five power industry M&A deals accounted for 99.7% of the overall value during October 2020.

The combined value of the top five power M&A deals stood at $9.3bn, against the overall value of $9.33bn recorded for the month.

The top five power industry deals of October 2020 tracked by GlobalData were:

1) Avangrid’s $8.3bn acquisition of PNM Resources

2) The $358m acquisition of Advent Technologies by AMCI Acquisition

3) SMART Global’s $300m asset transaction with Cree

4) The $300m acquisition of SolarMax Technology by Alberton Acquisition

5) Illinois American Water’s asset transaction with for $43.25m.

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.

 

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.