# ESCO to acquire Megger Group from TBG for $2.35 billion

ESCO Technologies agreed to acquire the Megger Group business of TBG AG for total consideration of $2.35 billion, including $0.9 billion in cash and ESCO equity worth about $1.4 billion. Megger makes electric power test, monitoring and analytics equipment.

- Type: Acquisition
- Announced: 2026-04-15
- Value: $2.35B
- Status: announced
- Products: battery, cable, circuit breaker, relay, transformer and motor test equipment, on-line monitoring solutions, data analytics for grid assets
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ESCO Technologies](https://endata.com/companies/2084.md) (acquirer)
- [Megger Group](https://endata.com/companies/14179.md) (target)
- [TBG AG](https://endata.com/companies/14180.md) (partner)

## Sources

- [investor.escotechnologies.com](https://investor.escotechnologies.com/news-releases/news-release-details/esco-announces-agreement-acquire-megger-group-limited), 2026-04-15: "ESCO will acquire Megger for total consideration of $2.35 billion, consisting of $0.9 billion in cash and ESCO equity valued at approximately $1.4 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.