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  1. Deals Analysis
August 30, 2021

Oil & Gas industry cross border M&A deals total $13.3bn globally in July 2021

By Nikitha Ladda

Total oil & gas industry cross border M&A deals worth $13.3bn were announced globally in July 2021, led by MKS Instruments’ $6.5bn acquisition of Atotech Deutschland, according to GlobalData’s deals database.

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The value marked an increase of 211.5% over the previous month of $4.26bn and a rise of 289.2% when compared with the last 12-month average, which stood at $3.41bn.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $12.07bn. At the country level, the Germany topped the list in terms of deal value at $11.25bn.

In terms of volumes, Europe emerged as the top region for oil & gas industry cross border M&A deals globally, followed by North America and then Asia-Pacific.

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The top country in terms of cross border M&A deals activity in July 2021 was Canada with three deals, followed by the UK with two and the US with two.

In 2021, as of July, oil & gas cross border M&A deals worth $30.16bn were announced globally, marking an increase of 65.9% year on year.

oil & gas industry cross border M&A deals in July 2021: Top deals

The top five cross border M&A deals accounted for 99.5% of the overall value during July 2021.

The combined value of the top five oil & gas cross border M&A deals stood at $13.2bn, against the overall value of $13.3bn recorded for the month.

The top five oil & gas industry cross border M&A deals of July 2021 tracked by GlobalData were:

1) Atotech Deutschland $6.5bn acquisition deal with MKS Instruments

2) The $4.75bn acquisition of Allnex Germany by PTTGC International (Netherlands)

3) Thai Oil $1.18bn acquisition of 15.38% Stake in PT Chandra Asri

4) U-POL $592.25m acquisition deal with Axalta Coating Systems

5) The $184.2m acquisition of Tepkri Sarsang by ShaMaran Petroleum

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