The key, however, is in turning these acquisitions to profitability and to fit with the acquiring company.
Acquisitions to advance an energy transition represented 27% of all deals in energy and natural resources (ENR) last year. This comes at a time when ENR companies are more flush with cash than any other industry, says Bain & Company.
Portfolio rebalancing in the ENR sector will accelerate in 2023 and the coming years, says the global consultancy in its fifth annual Global Mergers & Acquisitions (M&A) Report, published Jan 31.
