Analysis of the key themes driving M&A activity reveals that robotics accounted for 2 power deals announced in Q3 2023, worth a total value of $55.4m. The $55.4m reverse acquisition of LCM Energy Solution (British Columbia) by ECC Ventures 6 was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 2023 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, robotics-related deal activity remained flat in Q3 2023 compared with the previous quarter and as compared to Q3 2022. Related deal volume increased by 100% in Q3 2023 versus the previous quarter and was 50% lower than in Q3 2022.

For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.