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  1. Deals Analysis
August 29, 2021

Oil & Gas industry M&A deals total $19.6bn globally in July 2021

By Nikitha Ladda

Total oil & gas industry M&A deals worth $19.6bn 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 60.4% over the previous month of $12.2bn and a rise of 35.7% when compared with the last 12-month average, which stood at $14.42bn.

Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $14.08bn. At the country level, the Germany topped the list in terms of deal value at $11.25bn.

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

The top country in terms of M&A deals activity in July 2021 was the US with 31 deals, followed by the Canada with 11 and India with four.

In 2021, as of July, oil & gas M&A deals worth $81.56bn were announced globally, marking an increase of 37.7% year on year.

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

The top five M&A deals accounted for 77.4% of the overall value during July 2021.

The combined value of the top five oil & gas M&A deals stood at $15.14bn, against the overall value of $19.6bn recorded for the month.

The top five oil & gas industry 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) GRTgaz $1.99bn acquisition deal for 11.5% stake in Caisse des Depots et Consignations and CNP Assurances

4) PT Chandra Asri Petrochemical $1.18bn acquisition deal for 15.38% stake with Thai Oil Public

5) The $722.5m acquisition of 20% stake in General Chemical by Hanwha Energy and Hanwha Solutions

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