Metals & Mining industry cross border M&A deals total $1.63bn globally in December 2020

19 January 2021 (Last Updated February 12th, 2021 07:37)

Total metals & mining industry cross border M&A deals worth $1.63bn were announced globally in December 2020, led by Sandvik’s $1.15bn acquisition of DSI Underground, according to GlobalData’s deals database.

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The value marked a decrease of 20.1% over the previous month of $2.04bn and a drop of 6.3% when compared with the last 12-month average, which stood at $1.74bn.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.18bn. At the country level, the Germany topped the list in terms of deal value at $1.15bn.

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

The top country in terms of cross border M&A deals activity in December 2020 was Canada with five deals, followed by the US with five and Australia with three.

In 2020, as of December, metals & mining cross border M&A deals worth $20.02bn were announced globally, marking an increase of 28.8% year on year.

metals & mining industry cross border M&A deals in December 2020: Top deals

The top five cross border M&A deals accounted for 95.2% of the overall value during December 2020.

The combined value of the top five metals & mining cross border M&A deals stood at $1.55bn, against the overall value of $1.63bn recorded for the month.

The top five metals & mining industry cross border M&A deals of December 2020 tracked by GlobalData were:

1) Sandvik’s $1.15bn acquisition of DSI Underground

2) The $225m acquisition of Greenstone Gold Mines GP by Orion Mine Finance

3) Chijin International (HK)’s $105m asset transaction with Resolute Mining

4) The $36.69m acquisition of SBQ Steels by Liberty House Group

5) Hargreaves Raw Material Services’ asset transaction with Hargreaves Services for $32.28m.

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.