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ESCO Acquires Megger for $2.35 Billion, Boosts Global Reach

4/16/2026

Summary

Story summary

ESCO Technologies Inc. will acquire Megger Group Limited for $2.35 billion, including $0.9 billion cash and $1.4 billion in ESCO equity.
The deal strengthens ESCO's position in utility infrastructure technology, expands its global reach, and is expected to close soon with regulatory approvals pending.
Megger is projected to generate $590 million in revenue in 2026.
The acquisition is expected to yield $60 million in cost synergies within three years.

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Story summary

ESCO Technologies Inc. will acquire Megger Group Limited for $2.35 billion, including $0.9 billion cash and $1.4 billion in ESCO equity.
The deal strengthens ESCO's position in utility infrastructure technology, expands its global reach, and is expected to close soon with regulatory approvals pending.
Megger is projected to generate $590 million in revenue in 2026.
The acquisition is expected to yield $60 million in cost synergies within three years.