Total oil & gas industry cross border M&A deals worth $2.5bn were announced globally in March 2022, led by Atlas Copco’s $731.12m acquisition of Geveke and LEWA, according to GlobalData’s deals database.
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The value marked an increase of 550.03% over the previous month of $389.21m and a drop of 39.9% when compared with the last 12-month average, which stood at $4.21bn.
Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.32bn. At the country level, the Canada topped the list in terms of deal value at $1.3bn.
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 Middle East and Africa.
The top country in terms of cross border M&A deals activity in March 2022 was the UK with four deals, followed by the US with four and Germany with three.
In 2022, as of March, oil & gas cross border M&A deals worth $5bn were announced globally, marking an increase of 76.3% year on year.
oil & gas industry cross border M&A deals in March 2022: Top deals
The top five cross border M&A deals accounted for 48.4% of the overall value during March 2022.
The combined value of the top five oil & gas cross border M&A deals stood at $1.23bn, against the overall value of $2.5bn recorded for the month.
The top five oil & gas industry cross border M&A deals of March 2022 tracked by GlobalData were:
1) Atlas Copco $731.12m acquisition deal with Geveke and LEWA
2) The $215m acquisition of 51% stake in HG Storage International by Tristar Transport
3) Tidewater $190m acquisition deal with Swire Pacific Offshore
4) The $76.07m acquisition of 70% stake in almaak international by Hexpol
5) Italgas $15m acquisition deal with Picarro
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.