ESCO Closes $2.35B Megger Acquisition, Adding Global Test & Measurement Scale
ESE sits 39% above its 52-week low of $193.68.
Summary
ESCO Technologies completed its acquisition of Megger Group Limited, a global leader in electrical test and measurement. The deal, valued at $2.35 billion, was previously announced and financed; closing removes uncertainty and adds significant scale to ESCO's utility and industrial testing portfolio. This follows strong Q3 FY2026 results with sales up 14% and a record backlog, indicating the company is executing on its growth strategy. The acquisition is expected to be accretive and expands ESCO's international footprint. Watch for integration updates and the next earnings report for initial contribution figures.
Updates
· SEC 8-K — The 8-K details the $2.3B consideration: $922M cash and 5.1M shares, with a post-closing net debt and working capital adjustment.
At the time of this announcement, ESE was trading at $269.92 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $7B. The 52-week trading range was $193.68 to $362.15. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.