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Iberdrola SA assumes full ownership of Avangrid Inc. in strategic move

Dec 25, 2024•12 months ago

Acquiring Company

Iberdrola

Acquired Company

Avangrid

BiscayOrangeRenewable EnergyEnergyEnergyRenewable Energy

Description

Iberdrola SA, a Spanish multinational electric utility company, has completed the acquisition of the remaining 18.4 percent shares of its U.S. subsidiary Avangrid Inc., assuming full ownership of the renewable power producer. With this acquisition, Iberdrola aims to invest more efficiently in the United States, particularly in new energy infrastructure projects, strengthening and expanding its presence in the renewable energy sector.

Company Information

Company

Iberdrola

Location

Biscay, Basque, Spain

About

Iberdrola, Europe’s largest electricity utility by market capitalization and one of the world's top three electricity companies, is a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed