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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.
RBC Bearings has agreed to acquire VACCO Industries, a South El Monte, California maker of valves, manifolds and regulators for space and naval defense, from ESCO Technologies for $310 million in cash. VACCO generated about $118 million revenue in the 12 months to March 2025, and closing is expected this summer.
US packaging firm Sonoco acquired Thermoform Engineered Quality (TEQ) and Stevenage-based Plastique Holdings from ESCO Technologies for about £145 million ($187 million).
Sonoco signed a definitive agreement to acquire Thermoform Engineered Quality (TEQ) from ESCO Technologies for approximately $187 million in cash. TEQ makes thermoformed packaging for healthcare, medical device and consumer markets, with facilities in the US, UK and Poland.
TekPackaging, a unit of ESCO Technologies, was awarded an exclusive production contract for Thermoscan ear thermometer probe covers for worldwide distribution. The five-year contract is worth about $40 to $50 million, with an initial order of $11.7 million; the article is undated in its year and appears to be from 2009.
