HomeIndustry SectorsBusiness and marketsGlobal power industry deals total $44.83bn in Q4 2019

Global power industry deals total $44.83bn in Q4 2019

A recent study has revealed that total power industry deals for Q4 2019 were worth $44.83 billion, according to GlobalData’s deals database.

The data firm said in a statement that the value marked an increase of 109.3% over the previous quarter and a rise of 39.1% when compared with the last four-quarter average of $32.24 billion.

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In terms of number of deals, the sector saw a rise of 9.5% over the last four-quarter average with 507 deals against the average of 463 deals.

In value terms, Europe led the activity with deals worth $19.06 billion.

Power industry deals in Q4 2019: Top deals

The top five power deals accounted for 44.9% of the overall value during Q4 2019.

The combined value of the top five power deals stood at $20.11 billion, against the overall value of $44.83 billion recorded for the month.

The top five power industry deals of Q4 2019 tracked by GlobalData were:

  • Canada Pension Plan Investment Board’s $6.1 billion private equity deal with Pattern Energy Group
  • The $4.52 billion acquisition of Anixter International by WESCO International
  • Chubu Electric PowerInc and Mitsubishi’s $4.52 billion acquisition of Eneco Holding
  • The $2.53 billion acquisition of Uniper by Fortum
  • Credit Agricole Assurances, Engie and Mirova’s asset transaction with Energias de Portugal for $2.45 billion.

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Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.