# ESCO Technologies to acquire Megger Group for $2.35 billion

ESCO Technologies Inc. has agreed to acquire Megger Group Limited from TBG AG for total consideration of $2.35 billion, consisting of $0.9 billion in cash and ESCO equity valued at approximately $1.4 billion. Megger provides testing and monitoring solutions for utilities and critical electric infrastructure.

- Type: Acquisition
- Announced: 2019-06-18
- Value: $2.35B
- Status: announced
- Products: testing and monitoring solutions for electric infrastructure, battery test equipment, cable test equipment, circuit breaker test equipment, relay test equipment, transformer test equipment, motor test equipment, on-line monitoring solutions, data analytics for grid and electric power 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) (investor)

## Sources

- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.pennenergy/article/gnwcq-2026-4-15-esco-announces-agreement-to-acquire-megger-group-limited), 2019-06-18: "This transformational transaction will expand our scale and international reach, further strengthening our position as a valued partner to utilities worldwide."

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