Megger Acquired by ESCO Technologies | Industrials M&A Deal

ESCO Technologies has acquired Megger, a industrial services other business in the industrials sector, for $2.35 billion. ESCO Technologies acquisitions target Megger Group, which provides test and measurement solutions used by industrial and utility customers, supporting ESCO’s expansion of its measurement portfolio. The ESCO Technologies acquires Megger acquisition is structured as a platform acquisition and strategic acquisition to scale capabilities in industrial testing and diagnostics. ESCO Technologies acquisitions are paired with up to $1.5 billion of senior secured facilities arranged by JPMorgan, with closing subject to regulatory approvals including HSR, CFIUS, and other foreign clearances, and a long-stop date of April 15, 2027.