Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 288 power deals announced in Q3 2022, worth a total value of $18.1bn, according to GlobalData’s whitepaper on Environmental Sustainability in Power – M&A Deal Activity in Q3 2022. The $1.7bn acquisition of Hitachi Energy by Hitachi was the industry’s largest disclosed deal.
In value terms, environmental sustainability-related deal activity increased by 3% in Q3 2022 compared with the previous quarter’s total of $17.5bn and rose by 710% as compared to Q3 2021. Related deal volume increased by 22% in Q3 2022 versus the previous quarter and was 1152% higher than in Q3 2021.
