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