Total power industry M&A deals in October 2020 worth $9.33bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 175.9% over the previous month and a rise of 292.4% when compared with the last 12-month average of $2.38bn.
The US held a 52.3% share of the global power industry M&A deal value that totalled $17.84bn in October 2020.
In terms of deal activity, the US recorded 32 deals during October 2020, marking a decrease of 5.9% over the previous month and a rise of 28% over the 12-month average.
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By GlobalDataThe US power industry M&A deals in October 2020: Top deals
The top five power industry M&A deals accounted for 99.7% of the overall value during October 2020.
The combined value of the top five power M&A deals stood at $9.3bn, against the overall value of $9.33bn recorded for the month.
The top five power industry deals of October 2020 tracked by GlobalData were:
1) Avangrid’s $8.3bn acquisition of PNM Resources
2) The $358m acquisition of Advent Technologies by AMCI Acquisition
3) SMART Global’s $300m asset transaction with Cree
4) The $300m acquisition of SolarMax Technology by Alberton Acquisition
5) Illinois American Water’s asset transaction with for $43.25m.
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.
