In the European power industry, there were 156 M&A deals announced in Q3 2024, worth a total value of $10.8bn, according to GlobalData’s Deals Database. The $2.4bn acquisition of OCI Clean Ammonia by Woodside Energy Group was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 2024 uncovers key trends behind the power market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
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In value terms, M&A activity in Europe increased by 54% in Q3 2024 compared with the previous quarter’s total of $7bn and rose by 92% as compared to Q3 2023. Related deal volume increased by 6% in Q3 2024 versus the previous quarter and was 1% higher than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in Europe in 9M 2024 were Rothschild & Co; PricewaterhouseCoopers International; Barclays with 8, 5, 4 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Europe in 9M 2024 were CMS Legal Services EEIG; Dentons UK and Middle East; Clifford Chance with 16, 12, 8 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
