Total power industry M&A deals in Q2 2020 worth $15.72bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 24.4% over the previous quarter and a drop of 38.2% when compared with the last four-quarter average, which stood at $25.45bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $6.81bn. At the country level, China topped the list in terms of deal value at $4.73bn.
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 Q2 2020 was the US with 55 deals, followed by China with 27 and the UK with 20.
In 2020, as of the end of Q2 2020, power M&A deals worth $36.46bn were announced globally, marking a decrease of 9.7% year on year.
Power industry M&A deals in Q2 2020: Top deals
The top five power industry M&A deals accounted for 45.7% of the overall value during Q2 2020.
The combined value of the top five power M&A deals stood at $7.18bn, against the overall value of $15.72bn recorded for the month.
The top five power industry deals of Q2 2020 tracked by GlobalData were:
1) Ontario Power Generation’s $2bn asset transaction with TC Energy
2) The $1.63bn acquisition of Electrificadora del Caribe S.A, E.S.P. by Consorcio Energia de la Costa and Empresas Publicas De Medellin
3) Volkswagen’s $1.21bn acquisition of Guoxuan High-tech
4) The $1.21bn acquisition of Gotion High-tech by Volkswagen
5) Siemens Gas And Power Holding’s acquisition of Siemens for $1.13bn.
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.