Total power industry M&A deals in May 2020 worth $4.01bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 0.04% over the previous month and a drop of 47.04% when compared with the last 12-month average, which stood at $7.56bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $2.66bn. At the country level, China topped the list in terms of deal value at $1.34bn.
In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by North America and then Asia-Pacific.
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By GlobalDataThe top country in terms of M&A deals activity in May 2020 was the US with 18 deals, followed by the UK with eight and China with six.
In 2020, as of the end of May 2020, power M&A deals worth $26.69bn were announced globally, marking a decrease of 24.8% year on year.
Power industry M&A deals in May 2020: Top deals
The top five power industry M&A deals accounted for 79.9% of the overall value during May 2020.
The combined value of the top five power M&A deals stood at $3.2bn, against the overall value of $4.01bn recorded for the month.
The top five power industry deals of May 2020 tracked by GlobalData were:
1) Volkswagen's $1.21bn acquisition of Gotion High-tech
2) The $1.13bn acquisition of Siemens by Siemens Gas And Power Holding
3) Shanghai Electric (Group)'s $343.48m acquisition of Ansaldo Energia
4) The $311.29m acquisition of Octopus Energy by Origin Energy
5) SolRiver Capital's asset transaction with for $200m.
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.