Total Power industry cross border M&A deals worth $8.5bn were announced globally in May 2022, led by Siemens Energy’s $4.64bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy, according to GlobalData’s deals database.

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The value marked an increase of 369.1% over the previous month of $1.81bn and a rise of 300.5% when compared with the last 12-month average, which stood at $2.12bn.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $6.86bn. At the country level, the Spain topped the list in terms of deal value at $4.64bn.

In terms of volumes, Europe emerged as the top region for Power industry cross border M&A deals globally, followed by North America and then Asia-Pacific.

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The top country in terms of cross border M&A deals activity in May 2022 was Germany with three deals, followed by the UK with three and the US with three.

In 2022, as of May, Power cross border M&A deals worth $13.58bn were announced globally, marking an increase of 28.6% year on year.

Power industry cross border M&A deals in May 2022: Top deals

The top five cross border M&A deals accounted for 100% of the overall value during May 2022.

The combined value of the top five Power cross border M&A deals stood at $8.49bn, against the overall value of $8.5bn recorded for the month.

The top five Power industry cross border M&A deals of May 2022 tracked by GlobalData were:

1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy

2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco

3) TotalEnergies $1.6bn acquisition deal for 50% stake in Clearway Energy Group

4) The $38.32m acquisition of EAS Batteries by Britishvolt

5) JESCO Holdings $23.78m acquisition deal for 24.05% stake in Willings