Analysis of the key themes driving M&A activity reveals that ecommerce accounted for three power deals announced in Q3 2024, worth a total value of $105.3m. The $105.3m acquisition of Shenzhen Jintongyuan Energy Storage Technology by Shenzhen Baiyu Jucheng Data Technology 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, ecommerce-related deal activity decreased by 18% in Q3 2024 compared with the previous quarter’s total of $127.7m. Related deal volume decreased by 40% in Q3 2024 versus the previous quarter and was 200% higher than in Q3 2023.

The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Foley Hoag; Herbert Smith Freehills; Manassero Campello Advogados with 1, 1, 1 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.

This content was updated on 19 October 2024

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