Utility Mergers Send a Mixed Message
Utilities continue to use acquisitions as a means to expand their business, according to report from PwC. In the second 2017, 18 deals were recorded, one more than from 16 deals in the second 2017. However, the value of the deals was down dramatically (77%) from $28.3 billion in 2016 to $12.8 billion in 2017. Interest in renewables has been driving the merger activity, but this quarter, utilities focused more on buying up buying up small companies than mega-utilities, those valued at $1 billion or more. What role does mergers play in your organization? Do you expect such activity to pick up in the coming months? Why or why not?
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