M&A Deal Summary

Iberdrola SA Acquires Avangrid

On April 1, 2016, Iberdrola SA acquired utilities company Avangrid

Acquisition Highlights
  • This is Iberdrola SA’s 2nd transaction in the Utilities sector.
  • This is Iberdrola SA’s 3rd transaction in the United States.
  • This is Iberdrola SA’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-04-01
Target Avangrid
Sector Utilities
Buyer(s) Iberdrola SA
Deal Type Merger

Target

Avangrid

Orange, Connecticut, United States
Avangrid is a diversified energy delivery company. Avangrid was founded in 1997 and is based in Orange, Connecticut.

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Buyer(S) 1

Buyer

Iberdrola SA

Bilbao, Spain

Category Company
Sector Electrical Equipment
DESCRIPTION

Iberdrola is a Spanish private multinational electric utility company based in Bilbao, Basque Country. Iberdrola has a workforce of around 31,330 employees in dozens of countries on four continents serving around 31,67 million customers


DEAL STATS #
Overall 3 of 4
Sector: Utilities M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Energetix DE

Westerville, Ohio, United States

Energetix DE, LLC (a Delaware limited liability company), is an energy services company (ESCo) that provides electricity, natural gas, and clean energy solutions to residential, small business, large commercial and industrial customers. We are one of the leading energy and green energy suppliers in New York State.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Iberdrola Australia

Sydney, Australia

Iberdrola Australia is a major Australia’s transition to a clean energy future. Iberdrola Australia generates and sources renewable energy, increases the value of intermittent renewables by firming, and provides customers with clean, reliable, and competitively priced energy solutions. Iberdrola Australia was established in 2003 and is based in Sydney, Australia.

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