7/104 sources · 3 publishersUpdated Oct 8, 19:07 UTC
ESCO completes Megger acquisition and puts new financing in place
ESCO Technologies completed its purchase of Megger Group Limited from TBG AG. Megger will be housed in ESCO's Utility Solutions Group, while TBG received director nomination rights and transfer restrictions on its ESCO shares. ESCO also activated $1.5 billion of secured credit facilities to fund the transaction and replace existing borrowings.
Why it matters
ESCO says Megger extends the scale and international coverage of its utility offerings. The new debt facilities fund the acquisition and refinance prior debt, while the shareholder arrangements give TBG governance rights subject to ownership conditions.
Key facts
- 1ESCO completed its acquisition of Megger Group Limited from TBG AG. globenewswire.com
- 2Megger will join ESCO's Utility Solutions Group. globenewswire.com
- 3ESCO said it will issue FY 2027 guidance that includes the acquisition's effects in November alongside Q4 2026 results. globenewswire.com
- 4ESCO arranged $1.5 billion in senior secured borrowing facilities led by JPMorgan. tradingview.com
- 5The financing consists of a $500 million revolving facility, $500 million Term Loan A, and $500 million Term Loan B. tradingview.com
- 6The new credit facilities became effective on Oct 01 2026, replacing ESCO's 2023 credit agreement early. tradingview.com
Open questions
- The materials do not disclose the acquisition price or Megger's revenue, earnings contribution, or expected synergies.
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.