Total Power industry M&A deals worth $2.9bn were announced globally in July 2022, led by MasTec’s $1.1bn acquisition of Infrastructure and Energy Alternatives, according to GlobalData’s deals database.
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The value marked a decrease of 78.5% over the previous month of $13.64bn and a drop of 67.4% when compared with the last 12-month average, which stood at $9.02bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.15bn. At the country level, the US topped the list in terms of deal value at $1.15bn.
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.
The top country in terms of M&A deals activity in July 2022 was the US with 24 deals, followed by the India with six and Germany with five.
In 2022, as of July, Power M&A deals worth $49.48bn were announced globally, marking an increase of 33.9% year on year.
Power industry M&A deals in July 2022: Top deals
The top five M&A deals accounted for 75.6% of the overall value during July 2022.
The combined value of the top five Power M&A deals stood at $2.22bn, against the overall value of $2.9bn recorded for the month.
The top five Power industry M&A deals of July 2022 tracked by GlobalData were:
1) MasTec $1.1bn acquisition deal with Infrastructure and Energy Alternatives
2) The $702.93m acquisition of Ostwind Engineering,Ostwind Erneuerbare Energien,Ostwind International and Ostwindpark Rotmainquelle GmbHKG by Orsted
3) Galp Energia $142.97m acquisition deal for 25% stake in Titan 2020
4) The $139.35m acquisition of Manila Electric by Metro Pacific Investments
5) Gulf Renewable EnergyLimited $136.1m acquisition deal for 50% stake in Gulf Gunkul Corporation
