# Megger Group receives £138M loan for expansion and green tech

Megger Group, a Dover-based electrical equipment manufacturer, received a £138 million loan backed by UK Export Finance. The investment includes £15 million to enhance its factory and create green jobs.

- Type: Investment
- Announced: 2022-05-18
- Where: Dover, Kent, United Kingdom
- Value: $170.0M (138.0M GBP)
- Status: announced
- Products: electrical testing equipment, smart grid technology, sensors, cable analytics
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Megger Group](https://endata.com/companies/14179.md)
- [UK Export Finance](https://endata.com/companies/1863.md) (investor)
- [HSBC](https://endata.com/companies/2386.md) (investor)
- [HSBC](https://endata.com/companies/2386.md) (partner)
- [Commerzbank AG](https://endata.com/companies/25570.md) (investor)
- [Commerzbank AG](https://endata.com/companies/25570.md) (partner)

## Sources

- [kentonline.co.uk](https://www.kentonline.co.uk/dover/news/138m-investment-will-create-more-jobs-267328/), 2022-05-18: "The UK is leading the world backing firms like Megger that protect the planet and power home-grown energy."
- [theengineer.co.uk](https://www.theengineer.co.uk/content/news/government-backs-megger-group-loan), 2022-05-19: "UKEF has recognised that Megger is a growing company based in the UK, that designs and makes high value-added products with strong global exports"
- [manufacturingmanagement.co.uk](https://www.manufacturingmanagement.co.uk/content/news/dover-manufacturer-megger-secures-138m-government-investment-deal), 2022-05-19: "This support will enable Megger to expand its UK exporting capacity and invest £15 million to enhance a major factory in Dover."

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