M&A analysis

Recent transactions in the power equipment and services sector exemplify the move into energy management and renewable power supplies. There is increasing appetite from both strategic buyers and private equity investors for businesses operating in these areas, while recent deals demonstrate how scaleable companies with exciting international growth prospects can attract high valuations.

Announced date Target name Country Target description Acquirer name Country Deal size (€m)
Dec-16 SAG Group GmbH Germany Energy infrastructure services SPIE SA France 850.0
Dec-16 AH Industries AS Denmark Supplier of components, modules and systems for the wind power, minerals and cement industries Aurelius Germany 32.3
Dec-16 Avanti Wind Systems AS Denmark Vertical access solutions for wind turbine towers Alimak Group AB Sweden 91.0
Dec-16 Clarke Energy Ltd UK Specialist in the engineering, construction, installation and maintenance of engine-based power plants Kohler Co US 355.3
Nov-16 EVANTEC GmbH Germany Facility management services in the energy industry ISS Facility Service AS Germany n.a.
Nov-16 KK Group AS Denmark Supplier of electrical system solutions for the wind turbine industry Solix AS Denmark n.a.
Nov-16 Ensite Solutions LLC US Provider of maintenance and repair of HVAC, generators, uninterruptable power supply (UPS) and fire protection equipment Cushman & Wakefield LLP US n.a.
Oct-16 Terra Millennium Corp US Industrial services company serving the power generation, refining, petrochemical, mining, solar, mineral processing and steel industries Court Square Capital Partners US n.a.
Oct-16 LM Wind Power AS Denmark Manufacturer of rotor blades for the wind industry General Electric Co US 1,500.0
Aug-16 Emerson Electric Co (Motors, Drives & Electric Power Generation business) US Motors, drives and electric power generation businesses of Emerson Nidec Corp Japan 1,072.0
Aug-16 Emerson Electric Co (Network Power division) US Provider of thermal management, A/C and D/C power, transfer switches, services and information management systems for the data centre and telecommunications industries Platinum Equity US 3,573.0
Jun-16 Gamesa Corporacion Spain Development, construction and sale of wind farms Siemens AG Germany 6,834.0
May-16 Saft SA France Battery manufacturer Total SA France 950.0
Apr-16 SL Industries Inc US Manufacturer of high-performance power solutions Handy & Harman Ltd US 141.6
Mar-16 Bluffton Motor Works LLC US Electric motor manufacturer WEG SA Brazil n.a.
Feb-16 PowerSecure International Inc US Provider of energy technologies and services to electric utilities and their large industrial, commercial, institutional and municipal customers Southern Co US 376.2
Feb-16 PR Industrial Srl (65% stake) Italy Manufacturer of stationary and mobile generators Generac Power Systems Inc US 54.5
Feb-16 Electronic Systems Protection Inc US Manufacturer of energy intelligence and power protection solutions AMETEK Inc US 116.7
Jan-16 Availon GmbH Germany Service provider for wind turbines Vestas Wind Systems AS Denmark 88.0
Jan-16 Power Partners Inc US Manufacturer of power transformers OpenGate Capital US n.a.