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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 Carmen

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.

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

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.

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