Total power industry M&A deals in October 2019 worth $10.49bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 8.6% over the previous month and a rise of 9.5% when compared with the last 12-month average, which stood at $9.58bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $5.08bn. At the country level, Germany topped the list in terms of deal value at $4.16bn.
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 October 2019 was the US with 36 deals, followed by the UK with 12 and India with 11.
In 2019, as of the end of October 2019, power M&A deals worth $76.75bn were announced globally, marking a decrease of 52.9% year on year.
Power industry M&A deals in October 2019: Top deals
The top five power industry M&A deals accounted for 69.9% of the overall value during October 2019.
The combined value of the top five power M&A deals stood at $7.33bn, against the overall value of $10.49bn recorded for the month.
The top five power industry deals of October 2019 tracked by GlobalData were:
1) Fortum's $2.53bn acquisition of Uniper
2) The $2.23bn acquisition of Chilquinta Energia and Tecnored by State Gridof China
3) Signify's $1.4bn acquisition of Cooper Lighting Solutions
4) The $600.79m asset transaction with Malakoff Corporation by AMP Capital Investors
5) Diamond Transmission Partners BBE's asset transaction with Race Bank Wind Farm for $577.21m.
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.